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Rights Issue: Winter Valley Tourism Investment Company |
Corporate Disclosures |
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| ID: |
WIVA.ASE |
| Announcement Date: |
05-Nov-12 |
| Status: |
Approved |
| Old Outstanding Shares: |
10,000,000 |
| New Shares Subscribed: |
4,411,765 |
| New Outstanding Shares: |
14,411,765 |
| Subscription Percentage: |
44.118% |
| Ratio: |
1.441 |
| Price Co-efficient: |
0.991 |
| Size of Offering: |
3,000,000 |
| Currency: |
JOD |
| Purchase Price: |
1 |
| Premium: |
(0.32) |
| Total Purchase Price: |
0.68 |
| Par Value: |
1 |
| Entitlement Date: |
10-Jul-12 |
| Ex-Div Date: |
11-Jul-12 |
| Rescinded Event: |
No |
| Comments: |
The EGM will be held to approve the increase in the company's paid-up capital by JOD 3 million through a rights issue.
On February 20, 2012 the company announced that the EGM was held and approved the increase in the company's paid-up capital by JOD 3 million through a rights issue.
On July 2, 2012 the Jordan Securities Commission announced that it has approved the rights issue, and announced the effective dates.
On November 05, 2012 the company allocated the 1,565,090 unsubscribed shares to its shareholders at JOD 0.68 per share. |
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| Source: |
Amman Stock Exchange (ASE)
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First Published:
31-Jan-12
Last Updated: 05-Nov-12
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Glossary
Currency - The currency that the price is stated in
Entitlement Date - The date set by the issuing company in order to determine who is entitled to participate in the rights issue
Ex-Div Date - The first day that the shares traded without entitlement to the rights issue, and at the new adjusted price
New Outstanding Shares - Total shares after rights issue, equal to the old outstanding shares plus the new shares subscribed
New Shares Subscribed - Shares that are available for subscription
Old Outstanding Shares - Outstanding shares before the rights issue
Par Value - The par value of the stock
Premium - The premium and / or administrative cost per share
Price Co-efficient - The co-efficient used to adjust the historical prices, different from the standard ratio as it incorporates the closing price of the record date.
Purchase Price - The cost per share of the rights issue, usually equal to the par value
Ratio - The percentage of shares that shareholders can subscribe to.
Rescinded Event - Indicates whether the event has been withdrawn or not
Size of Offering - Total Purchase Price * New shares offered
Status - States if the CA has been approved, still under proposal, or cancelled
Subscription Percentage - The percentage of shares that shareholders have the right to subscribe to
Total Purchase Price - The total cost per share of the rights issue, equal to the purchase price plus premium
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