The BOD of Dallah healthcare Co. announced in the meeting held on 12-12-2018, the recommendation to the extraordinary general assembly meeting to increase company's capital by granting bonus shares to shareholders
Date of Board Meeting
2018-12-12 Corresponding to 1440-04-05
Capital before increase
590,000,000
Capital after increase
750,000,000
Percentage of Capital increase
27.12 %
Number of shares before Capital increase
59,000,000
Number of shares after Capital increase
75,000,000
Reasons for the increase
The Company aims from increasing the capital to enhance its assets to be compatible with the size of its total assets.
Number of granted shares per exiting share
0.2712
Nature and value of reserves used in the capital increase
160,000,000 from the statutory reserve - share Premium
Entitlement Date
Bonus shares are limited to shareholders recorded in company’s shareholders register at the Securities Depository Center (Edaa), at the end of the second trading day following the date of the extraordinary general assembly day, which will be determined later by the company
Fractional stocks
In case of fraction shares they, if any, they will be collected in one portfolio and sold at market price, then distributed to eligible shareholders within the regulatory period.
Approvals
The proposed increase in capital requires approvals from official authorities as well as from shareholders in an extraordinary general assembly meeting
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