Announcement from The Saudi Stock Exchange (Tadawul) Regarding the Suspension of trading the shares of United Wire Factories Co.
Monday, September 14, 2020 at 8:39 AM
Mon Sep 14, 2020 08:39
In reference to United Wire Factories Co.’s announcement on the Saudi Stock Exchange (Tadawul) website dated 25/11/1441H corresponding to 16/07/2020G regarding the Company's EGM approval of the capital reduction, and in reference to the Company’s announcement of the effectiveness of the capital reduction resolution starting from 26/01/1442H corresponding to 14/09/2020G.
Thus, the company will be suspended for two business days, starting from today Monday 26/01/1442H corresponding to 14/09/2020G, until the Securities Depository Center Company (Edaa) reflects shares reduction on investors’ portfolios, lifting the suspension of trading will be end of Tuesday 27/01/1442H corresponding to 15/09/2020G and the fluctuation limits for the company share will be based on a share price of SAR 32.30, and the outstanding orders will be canceled.