Lazurde Jewelery, on Sunday has set a priority and subscription period in new shares.
According to Arab Net, Lazuri Jewelery said in a statement that the date of the beginning of the priority rights and subscription period in new shares would be on 7 June 2021 and the end of priority rights trading was 14 June 2021.
The company added that the end of the IPO in new shares on 17 June 2021.
The priority rights campaign is available to exercise their right to subscription, entirely or in part in new stocks within the number of priority rights in their portfolios, and the trading of priority and subscription rights in new shares is determined by the issuance bulletin of new and new investors.
He noted that with regard to the details of the remaining proposal, if they remain shares, they subtract those remaining shares and arrows, if any investors with institutional nature are mentioned, as mentioned in the issuance bulletin, and the financial adviser and the coverage of the subtraction are Samba Capital assets and investment management Samba Capital pledge to cover the priority rights of Lazurdi Jewelery in the event of full subscription coverage.
It is noteworthy that the eligibility for the shareholders' shareholders will be held on Wednesday (June 2nd), 2021.
The company's General Assembly agreed to the Board of Directors' recommendation by increasing its capital by raising priority rights by 34% from SR 430 million to SR 575 million.
