| Element List | Explanation |
|---|---|
| Introduction | Tabuk Agricultural Development Company (the “Company”) announces the results of Rights Issue trading and the new shares subscription, as well as the details of unsubscribed shares sale. |
| Total Number of Subscribed Shares out of the total Number of New Offered Shares | A number of (12,309,588) shares were subscribed from the new offered shares out of a total number of (15,000,000) new shares. |
| Value of the Subscribed Shares | 123,095,880SAR |
| Coverage Percentage out of Total New Offered Shares (%) | 82.06 % |
| Remaining Offering Mechanism | Rump shares will be offered to a number of institutional investors, provided that those institutions submit purchase offers for the rump shares, which shall be allocated to institutional investors by giving priorityto the highest bid, then the lowest and the lowest (provided that it is not less than the offering price), with shares being allocated on a proportional basis among those institutional investors that have tendered offers at the same price. In the event shares remain unpurchased by institutional investors, then these shares shall be allocated to the underwriter who will purchase them at the offering price. |
| Remaining Offering Start Date | 2021-04-27 Corresponding to 1442-09-15 |
| Remaining Offering End Date | 2021-04-28 Corresponding to 1442-09-16 |
| Specification of the Remaining Offering Period Hours | The rump offering for unsubscribed shares, amounting to (2,690,412) shares, shall start at 10:00 AM on Tuesday27/04/2021G Corresponding to 15/09/1442H and continue until 5:00 PM on Wednesday 28/04/2021G Corresponding to16/09/1442H. |
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