The ED had also arrested Rajesh Agrawal, a chartered accountant who had allegedly mediated and provided Rs 90 lakh cash to the Jain brothers in advance so as to invest in Mishail Packers and Printers private limited as share premium
- Dividends: The Board proposed an interim dividend of RMB9 cents per share for the six months ended 30 June 2019 to be paid out of the share premium
of the Group, subject to the shareholders' approval.
Further, it noted that in furtherance to the circular dated May 20, 2019, the minimum paid-up share capital shall be through any or a combination of the following; existing paid-up share capital; cash payment for new shares issued; retained earnings - capitalisation of undistributed profit; payment in kind (other than by way of cash) for new shares issues such as properties; treasury bills; shares; bond which must be converted to cash not later than three months to the deadline for recapitalisation and share premium
. NAICOM added that the items listed above can be achieved through merger and acquisition.
To resolve the issue of Angel Investors Tax, startups and investors who file requisite declarations will not be subjected to any kind of scrutiny in respect of valuation of share premium
. A mechanism of e-verification will be put in place and with this, the funds raised by startups will not require any tax scrutiny.
1 dinar of nominal value and 7.250 dinars of share premium
The share price is (QR36/57) per share, QR10 nominal value and (QR26/57) share premium
. Only the minority shareholders of the subsidiary QIC Capital, registered at Qatar Financial Centre, have full rights of subscription.
In April last year, the company had offered 25% right shares for the purpose of acquiring machinery for its manufacturing expansion project, by offering 7,115,594 shares to existing shareholders at a price of Rs160 per share (including a share premium
of Rs150 per share).
The issuance of the capital securities will take place on the Luxembourg exchange on December 19 and is conditional upon BOCH completing the reclassification of share premium
to distributable reserves, which was the subject of a shareholders' resolution during the last annual general meeting.
The bank said that the rights offering consists of the issuance of 241 million ordinary shares at an offer price of KWD 0.26 per share which includes a share premium
of KWD 0.16.
The Bank said that the Rights Offering consists of the issuance of 240,581,530 ordinary shares at an offer price of KWD 0.260 per share which includes a share premium
of KWD 0.160 and represents an increase in the total number of issued shares from 2,259,418,470 shares to2,500,000,000 shares, and an increase of 10.6% in the existing issued share capital of the Bank.
The Bank said that the Rights Offering consists of the issuance of 240,581,530 ordinary shares at an offer price of KD0.260 per share which includes a share premium
of KD0.160 and represents an increase in the total number of issued shares from 2,259,418,470 shares to2,500,000,000 shares, and an increase of 10.6 per cent in the existing issued share capital of the Bank.
Each rights grants its holder the eligibility to subscribe to one new share at an issue price of Dh2.16 per share, reflecting the nominal value of Dh1 per share, and a share premium
of Dh1.16 per share.