Doha, Qatar, 24 March 2013: Al Meera Consumer Goods Company (Q.S.C.) announced today that it has successfully completed the process to increase the company's capital from 100,000,000 Qatari Riyals to 200,000,000 Qatari Riyals by 100% through the issuing of new 10,000,000 rights issues shares for subscription by shareholders registered on Qatar Exchange at the close of trading of Sunday, 20th of January 2013. The rights shares were issued at the price of QR 95 per share (QR 10 nominal value plus QR 85 premium).
The summary of the number of shares offered and subscribed for is as follows:
Total Number of shares subscribed for 14,142,763
Number of rights issue subscribed for 6,469,488
Excess Shares subscribed for 7,673,275
Extra shares available for allocation 3,530,512
Total number of applications received 5,184
Percentage of allocation of excess shares subscribed for 46%
The excess shares available for allocation have been allocated to subscribers on a pro rata basis in proportion to the number of shares they have subscribed for. 3,529,832 shares have been allocated to shareholders and the fractions amounted to 680 shares.
© Press Release 2013
