Saudi Telecom Company (stc) announces the result of purchase of its own shares allocated within the Employee Stock Incentive Plan.
Element List | Explanation |
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Introduction | Saudi Telecom Company – (stc) announces the completion of purchasing its shares allocated to the Employees’ Stock Incentive Plan on 26/11/2020 corresponding to 11/04/1442H, in accordance to the approval of the Extraordinary General Assembly meeting held on 20/04/2020 corresponding to 27/08/1441H, and its published results in Tadawul website on 21/04/2020 corresponding to 28/08/1441H.
Accordingly, stc confirms that it has completed the purchase of the required shares in one tranche only, and that no additional shares will be purchased during the specified purchase period as indicated below. |
Date of Posting the Approval of the General Assembly on the Purchase on Tadawul's Website | 2020-04-21 Corresponding to 1441-08-28 |
Purchase Period | 8 months from the EGM approval. |
Number of the Purchased Shares | 2982700 |
Value of the Purchased Shares | SR 299,999,999.87 |
Average Purchase Price Per Share | SR 100.58 |
Additional Information | The shares purchased for employees’ stock incentive plan will not be entitled to any dividends during the period the company holds them. |
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