The general assembly of “Lana” approves the split of the nominal value of the company’s shares
The General Assembly of the company approved "Lana"held on November 12, decided to split the company’s shares so that the nominal value of the share after the amendment became one riyal instead of 10 riyals.
The company pointed out in a statement: "Saudi Arabia trading" Today, Thursday, it indicated that the stock split process does not affect the company’s capital, noting that the number of shares after the amendment becomes 54 million shares, compared to 5.4 million shares before the amendment.
The General Assembly also agreed at the same meeting to amend Article No. (6) of the company’s bylaws related to the company’s capital.
The split decision is effective on all the company’s shareholders who own shares on the day of the extraordinary general assembly and are registered in the company’s shareholder registry with the Securities Depository Center Company. (Deposit) at the end of the second trading day following the date of the extraordinary general assembly in which it was decided to divide the shares. The effect of the decision will be applied to the share price starting from the business day following the assembly.
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