Edaa deposits Lana Medical’s subscribed shares in shareholder accounts today

03/12/2023 Argaam

Edaa deposits Lana Medical’s subscribed shares in shareholder accounts today

Logo of Lana Medical Co.

The Securities Depository Center Co. (Edaa) announced depositing the subscribed shares of Lana Medical Co. into the accounts of eligible shareholders today, Dec. 3, according to a statement to Tadawul.

 

Lana earlier floated 720,000 shares on the Nomu-Parallel Market.

 

The shares on offer constitute 20% of the company’s post-IPO capital, or 24% of its pre-IPO capital. Shares were offered at SAR 31 apiece.

 

The offering, which closed on Nov. 16, was 117.17% oversubscribed.

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