National Agricultural Development Co. (NADEC) announces determining the period of rights issue trading and subscription in the new shares
| Element List | Explanation |
|---|---|
| Introduction | National Agricultural Development Co. (NADEC) (the “Company”) Company announces determining of the period of rights issue trading and subscription in the new shares. |
| Right Issuses and New Shares Subscription Period Start Date | 2023-11-09 Corresponding to 1445-04-25 |
| Right Issues Trading Period End Date | 2023-11-16 Corresponding to 1445-05-02 |
| New Shares Subscription Period End Date | 2023-11-21 Corresponding to 1445-05-07 |
| Trading Right Issues and Subscription to New Shares | Holders of right Issues are allowed to exercise their right to subscribe in new shares (in full or in part) up to the number of right issues available in their portfolios. Trading in right issues and subscription to new shares for registered shareholders and new investors shall be as per the prospectus. |
| Details on Remaining Offering | Should there be unsubscribed shares after the end of the subscription period, the said shares and fractional shares (if any) will be offered to institutional investors in accordance with the details set forth in the prospectus. The underwriters, who are mentioned in the prospectus, will underwrite the new shares which remain unsubscribed for after the rump offering. |
| Notification for Investors not Willing to Subscribe | Attention of Investors not willing to subscribe is drawn to the importance of selling the right issues they hold during the specified trading period to avoid the resulting decline in the value of their investment portfolios as a result of not benefiting from their rights, whether by way of sale or subscription. |
| For Daily Fluctuation in Right Issues Closing Prices during Rights Trading Period | https://www.saudiexchange.sa/ |
| For the Indicative Value of the Right | https://www.saudiexchange.sa/ |
| For Further Details on the Mechanism of Right Issues Trading and Subscription to New Shares | https://www.saudiexchange.sa/wps/portal/saudiexchange/rules-guidance/capital-market-overview/tradable-rights?locale=en |
| For the Prospectus of Company’s Capital Increase through the Issuance of Right Issues | https://cma.org.sa/en/Market/Prospectuses/Documents/Nadec_RI_Prospectus-Eng.pdf |
| Additional Information | Eligible shareholders are those who own shares at the end of the trading day of the Extraordinary General Assembly and whose names appear in the Company’s shareholders register with the Securities Depository Center Company (Edaa) at the end of the second trading day following the day of the Extraordinary General Assembly which was held on 21/04/1445H Corresponding to 05/11/2023AD.
The Company would like to stress the importance of reviewing the prospectus carefully and in full before making any investment decision in relation to the rights or the new shares.
In case of any inquiries, please contact with the department of Investor Relations on:
Telephone No: 0112027830 Email: IR@nadec.com.sa |
| Attached Documents |  |
Comments