Latest news with #capitalreduction
Zawya
4 hours ago
- Business
- Zawya
Seera's board proposes capital cut to $720mln
Riyadh - The board of directors of Seera Group Holding has recommended an 8.65% capital cut to SAR 2.74 billion from SAR 3 billion, according to a bourse disclosure. The capital reduction will be executed through the cancellation of 25.95 million ordinary treasury shares, including 2.03 million shares allocated to the company's employee share program. Subject to the approvals of the Capital Market Authority (CMA) and the extraordinary general meeting (EGM), the transaction will be implemented at a cancellation rate of 8.65 per 100 shares of the company. It is worth highlighting that the capital reduction has no material impact on Seera's financial position, operations, or regulatory obligations. As of 31 March 2025, the net profits of Seera hit SAR 53 million, marking an annual drop of 13.11% from SAR 61 million.
Argaam
18 hours ago
- Business
- Argaam
SIIG deposits post-capital cut fractional shares proceeds
Saudi Industrial Investment Group (SIIG) deposited proceeds from selling fractional shares resulting from its recent capital reduction in the accounts of eligible shareholders. In a statement to Tadawul today, June 19, the company said the fractional shares sale ended on June 1. As many as 24,427 shares were sold at a total of SAR 371,576, at an average price of SAR 15.21 apiece. According to Argaam data, SIIG shareholders recently approved a 10% capital cut to SAR 6.79 billion from SAR 7.54 billion at an extraordinary general meeting (EGM), citing excess capital. Shareholders will be compensated for the cancelled shares through a cash distribution of SAR 754.8 million (SAR 10 apiece).
Yahoo
4 days ago
- Business
- Yahoo
Sydbank A/S share buyback programme: transactions in week 24
Company Announcement No 27/2025 Peberlyk 46200 AabenraaDenmarkTel +45 74 37 37 37Fax +45 74 37 35 36Sydbank A/SCVR No DK 12626509, 16 June 2025 Dear Sirs Sydbank A/S share buyback programme: transactions in week 24On 26 February 2025 Sydbank A/S announced a share buyback programme of DKK 1,350m. The share buyback programme commenced on 3 March 2025 and will be completed by 31 January 2026. The purpose of the share buyback programme is to reduce the share capital of Sydbank A/S and the programme is executed in compliance with the provisions of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 and Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016, collectively referred to as the Safe Harbour rules. The following transactions have been made under the share buyback programme: Number of shares VWAP Gross value (DKK) Accumulated, most recent Announcement 983,000 413,934,050.00 09 June 2025 (public holiday)10 June 202511 June 202512 June 202513 June 2025 -12,00012,00011,00011,000 -444.43445.49448.37448.54 -5,333,160.005,345,880.004,932,070.004,933,940.00 Total over week 24 46,000 20,545,050.00 Total accumulated during theshare buyback programme 1,029,000 434,479,100.00 All transactions were made under ISIN DK 0010311471 and effected by Danske Bank A/S on behalf of Sydbank A/S. Further information about the transactions, cf Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council on market abuse and Commission delegated regulation, is available in the the above transactions, Sydbank A/S holds a total of 1,030,375 own shares, equal to 2.01% of the Bank's share capital. Yours sincerely Mark Luscombe Jørn Adam MøllerCEO Deputy Group Chief Executive Attachment SM 27 UK incl. encSign in to access your portfolio
Zawya
12-06-2025
- Business
- Zawya
Egypt: Gadwa for industrial development's EGM approves capital reduction
Arab Finance: Gadwa for Industrial Development's extraordinary general meeting (EGM) agreed to cut the issued capital to EGP 1.962 billion from EGP 2.004 billion, according to a bourse disclosure. The company will reduce its capital by EGP 41.346 million by writing off 21.761 million treasury shares at a nominal value of EGP 1.90 per share, based on 2024 financial statements. In 2024, the EGX-listed firm's consolidated net profits attributable to the parent company hiked by 44.437% to EGP 1.444 billion in 2024 from EGP 1 billion in 2023. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
12-06-2025
- Business
- Zawya
Egypt: FRA approves Cleopatra Hospital's capital cut
Arab Finance: The Financial Regulatory Authority (FRA) of Cleopatra Hospital Company greenlighted a capital reduction to EGP 721.892 million from EGP 722.717 million, as per a bourse filing. The group will reduce its issued capital by EGP 824,288 through writing off 1.648 million treasury shares at a nominal value of EGP 0.5 per share. In 2024, Cleopatra Hospital's consolidated net profits attributable to the parent company rose by 72.97% year on year (YoY) in 2024 to EGP 723.346 million, compared to EGP 418.180 million. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
