‎Academy of Learning recommends 1:2 bonus shares, 10% cash dividend

Academy of Learning Co.’s (AOL) board of directors, in a meeting held yesterday, Sept. 21, recommended increasing the company’s capital by granting bonus shares to shareholders through the capitalization of SAR 45 million from retained earnings.

The hike represents a 50% capital increase, with shareholders receiving one bonus share for every two shares held.

In separate statements on Tadawul, the company also said the board recommended distributing a cash dividend of 10% of capital (SAR 1 per share) for the fiscal year ending June 30, 2025.

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Capital Raise Details

Current Capital

SAR 90.00 mln

No. of Shares

90 mln

Par Value

SAR 1 /share

Capital Raise Percentage

50%

Method

Capitalization of SAR 45 million from retained earnings (granting one bonus share for every two shares held)

Post-Capital Raise

SAR 135.00 mln

No. of Shares Post-Raise

135.00 mln shares

Reason

Focus on growth and expansion in line with the company’s strategic objectives

Record Date

Shareholders of record who are registered with the Securities Depository Center (Edaa)at the end of the second trading day following the general meeting date

Cash Dividend Details

Current Capital

SAR 90 mln

Current Number of Shares

90 mln

Nominal Value per Share

SAR 1 / share

Total Distributed Dividends

SAR 9 mln

Distribution Ratio

10% (equivalent to SAR 0.10 / share)

Eligibility Date

Shareholders owning shares by the end of the second trading day following the EGM date

Dividend Payment Date

To be announced later

Fractional shares, if any, will be compiled in one portfolio for all shareholders and will be offered at market price. Proceeds will be distributed among entitled shareholders pro rata within 30 days maximum.

The bonus issue is conditional on securing regulatory approvals and EGM’s endorsement of the capital hike and bonus share issuance.

Academy of Learning Co.’s (AOL) board of directors, in a meeting held yesterday, Sept. 21, recommended increasing the company’s capital by granting bonus shares to shareholders through the capitalization of SAR 45 million from retained earnings.

The hike represents a 50% capital increase, with shareholders receiving one bonus share for every two shares held.

In separate statements on Tadawul, the company also said the board recommended distributing a cash dividend of 10% of capital (SAR 1 per share) for the fiscal year ending June 30, 2025.

Capital Raise Details

Current Capital

SAR 90.00 mln

No. of Shares

90 mln

Par Value

SAR 1 /share

Capital Raise Percentage

50%

Method

Capitalization of SAR 45 million from retained earnings (granting one bonus share for every two shares held)

Post-Capital Raise

SAR 135.00 mln

No. of Shares Post-Raise

135.00 mln shares

Reason

Focus on growth and expansion in line with the company’s strategic objectives

Record Date

Shareholders of record who are registered with the Securities Depository Center (Edaa)at the end of the second trading day following the general meeting date

Cash Dividend Details

Current Capital

SAR 90 mln

Current Number of Shares

90 mln

Nominal Value per Share

SAR 1 / share

Total Distributed Dividends

SAR 9 mln

Distribution Ratio

10% (equivalent to SAR 0.10 / share)

Eligibility Date

Shareholders owning shares by the end of the second trading day following the EGM date

Dividend Payment Date

To be announced later

Fractional shares, if any, will be compiled in one portfolio for all shareholders and will be offered at market price. Proceeds will be distributed among entitled shareholders pro rata within 30 days maximum.

The bonus issue is conditional on securing regulatory approvals and EGM’s endorsement of the capital hike and bonus share issuance.