26 December 2012
Mobile Telecommunications Company Saudi Arabia ("Zain" or "the Company") announces the payment and the refund (as applicable) of the following amounts in relation to the capital restructuring process approved by the Extraordinary General Assembly held on 14/8/1433H ( corresponding to 4/7/2012G) (the "EGM"): First: Refund of proceeds from the sale of the fractional proceeds resulting from the Company's capital reduction.
The fractions of shares resulting from the Companys capital reduction, which amounted to two hundred and twenty-one thousand five hundred nineteen shares in total, were accumulated in one portfolio and then sold at market price. The proceeds from such sale amounted to SAR 2,663,200.82 in total (which amounted to approximately SAR 12.02245 per share, and payment was made to the shareholders who had a fractional entitlement to shares (to the extent that such shareholders had provided correct and up-to- date banking details for the receipt of such funds).
Please note that any eligible shareholders entitlement to payment was calculated by multiplying his fractional entitlement to shares (ie equivalent to less than one share) by the net proceeds per share from the sale of the portfolio containing the fractions of shares (approximately SAR 12.02245 per share).
Second: Refunds of proceeds from the sale of fractions of shares resulting from the Company's capital increase.
The fractions of shares resulting from the Companys capital increase, which amounted to 323 914 shares, were accumulated in one portfolio and then sold at market price. The proceeds from the sale amounted to approximately SAR 3,866,127.37 in total. Following the payment to the Company of SAR 3,239,140 (representing the amount resulting from multiplying the number of shares resulting from the fractions of rights issue shares by SAR 10 (representing the offer price for each rights issue share (the "Offer Price"))) , the remaining amount was SAR 626,987.37 in total (which amounted to approximately SAR 1.93566 per share).
Payment was made to the shareholders who had a fractional entitlement to shares (to the extent that such shareholders had provided correct and up-to-date banking details for the receipt of such funds).Please note that any eligible shareholders entitlement to payment was calculated by multiplying his fractional entitlement to shares (ie equivalent to less than one share) by the net proceeds per share from the sale of the portfolio containing the fractions of shares (approximately SAR 1.93566 per share ).
Third: Compensation to the Shareholders who did not participate in the rights issue (the "Non-Participating Shareholders").
The total number of rights issue shares which were not subscribed to by Shareholders amounted to 175 134 822 shares (the "Unsubscribed Shares"), all of which have been allocated to shareholders who subscribed for such number of rights issue shares in excess of their proportionate eligibility. Following the payment to the Company of SAR 1,751,348,220 (representing the amount resulting from multiplying number of Unsubscribed Shares by the Offer Price), the remaining amount of SAR 16,775,015.20 in total (which amounted to approximately SAR 0.09578 per share) was paid as compensation to the Non-Participating Shareholders (to the extent that such Shareholders had provided correct and up-to-date banking details for the receipt of such funds).
The amounts for payment referred to in 1, 2 and 3 above were deposited directly into the bank accounts of the eligible shareholders who had provided accurate and up-to-date banking details for the receipt of such funds. The Company was not able to make payment to those Shareholders who had not provided accurate and up-to-date banking details for the receipt of such funds. In order to arrange for the payment of compensation and / or refunds (as applicable) to which such shareholders are entitled but have not received such funds, they are each kindly requested to provide the following details to the Company, by fax (to +966-1-4612441) or by email (to investor.relations @ sa.zain.com ): 1.A clear copy of a certified letter from his or her bank providing the details of an active bank account; 2.A clear copy of his or her valid national identification card (for Saudi nationals), or his or her Iqama ( for non-Saudi nationals); and 3.His or her current contact details. If such Shareholders have any questions, they may call the Investor Relations Department at the Company on +966-59-244-4444 (extensions 10959 or 10875).
Mobile Telecommunications Company Saudi Arabia ("Zain" or "the Company") announces the payment and the refund (as applicable) of the following amounts in relation to the capital restructuring process approved by the Extraordinary General Assembly held on 14/8/1433H ( corresponding to 4/7/2012G) (the "EGM"): First: Refund of proceeds from the sale of the fractional proceeds resulting from the Company's capital reduction.
The fractions of shares resulting from the Companys capital reduction, which amounted to two hundred and twenty-one thousand five hundred nineteen shares in total, were accumulated in one portfolio and then sold at market price. The proceeds from such sale amounted to SAR 2,663,200.82 in total (which amounted to approximately SAR 12.02245 per share, and payment was made to the shareholders who had a fractional entitlement to shares (to the extent that such shareholders had provided correct and up-to- date banking details for the receipt of such funds).
Please note that any eligible shareholders entitlement to payment was calculated by multiplying his fractional entitlement to shares (ie equivalent to less than one share) by the net proceeds per share from the sale of the portfolio containing the fractions of shares (approximately SAR 12.02245 per share).
Second: Refunds of proceeds from the sale of fractions of shares resulting from the Company's capital increase.
The fractions of shares resulting from the Companys capital increase, which amounted to 323 914 shares, were accumulated in one portfolio and then sold at market price. The proceeds from the sale amounted to approximately SAR 3,866,127.37 in total. Following the payment to the Company of SAR 3,239,140 (representing the amount resulting from multiplying the number of shares resulting from the fractions of rights issue shares by SAR 10 (representing the offer price for each rights issue share (the "Offer Price"))) , the remaining amount was SAR 626,987.37 in total (which amounted to approximately SAR 1.93566 per share).
Payment was made to the shareholders who had a fractional entitlement to shares (to the extent that such shareholders had provided correct and up-to-date banking details for the receipt of such funds).Please note that any eligible shareholders entitlement to payment was calculated by multiplying his fractional entitlement to shares (ie equivalent to less than one share) by the net proceeds per share from the sale of the portfolio containing the fractions of shares (approximately SAR 1.93566 per share ).
Third: Compensation to the Shareholders who did not participate in the rights issue (the "Non-Participating Shareholders").
The total number of rights issue shares which were not subscribed to by Shareholders amounted to 175 134 822 shares (the "Unsubscribed Shares"), all of which have been allocated to shareholders who subscribed for such number of rights issue shares in excess of their proportionate eligibility. Following the payment to the Company of SAR 1,751,348,220 (representing the amount resulting from multiplying number of Unsubscribed Shares by the Offer Price), the remaining amount of SAR 16,775,015.20 in total (which amounted to approximately SAR 0.09578 per share) was paid as compensation to the Non-Participating Shareholders (to the extent that such Shareholders had provided correct and up-to-date banking details for the receipt of such funds).
The amounts for payment referred to in 1, 2 and 3 above were deposited directly into the bank accounts of the eligible shareholders who had provided accurate and up-to-date banking details for the receipt of such funds. The Company was not able to make payment to those Shareholders who had not provided accurate and up-to-date banking details for the receipt of such funds. In order to arrange for the payment of compensation and / or refunds (as applicable) to which such shareholders are entitled but have not received such funds, they are each kindly requested to provide the following details to the Company, by fax (to +966-1-4612441) or by email (to investor.relations @ sa.zain.com ): 1.A clear copy of a certified letter from his or her bank providing the details of an active bank account; 2.A clear copy of his or her valid national identification card (for Saudi nationals), or his or her Iqama ( for non-Saudi nationals); and 3.His or her current contact details. If such Shareholders have any questions, they may call the Investor Relations Department at the Company on +966-59-244-4444 (extensions 10959 or 10875).
© Tadawul 2012
