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Shatirah House Restaurant Co.’s (Burgerizzr) shareholders will vote on increasing capital through a 40% bonus issue, during an extraordinary general assembly meeting (EGM), scheduled for June 30, according to a bourse filing.
|
Details of Bonus Issue |
|
|
Current Capital |
SAR 25 mln |
|
Number of Shares |
2.5 mln |
|
Increase % |
40% (two shares for every 5 shares held) |
|
New Capital |
SAR 35 mln |
|
Number of Shares |
3.5 mln |
|
Reason |
To keep up with company's growth, expand its business and enhance its financial position |
|
Method of Increase |
Through capitalizing SAR 10 million from retained earnings |
|
Record Date |
June 30, 2022 (for shareholders registered with the Securities Depository Center Co. (Edaa) at the end of the second trading day following the record date) |
Shareholders will also vote on authorizing the board of directors to distribute interim dividends quarterly or semi-annually for the fiscal year 2022, the statement added.
Moreover, they will also vote on the company's dividend policy, as well as policies, standards and procedures for membership on the board of directors.
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