The market stated, in a circular today, that trading in the new shares of the company resulting from the merger of the two companies is scheduled to begin on Tuesday, October 1, noting that next Monday will be the last day of trading in the shares ofYahsat“Where it will be delisted from the market.
The market pointed out that the reference price for trading Space 42 shares in the trading session of October 1 will be the closing price of Bayanat shares next Monday, as this price will be subject to the price change limits in effect in the market of 15 percent up and 10 percent down.
The market indicated that the “non-cash” share settlement for trading operations executed on “Yahsat” shares will be adjusted, as the settlement for trading operations executed on Friday, September 27, will be on Monday, September 30, while the share settlement for trading operations executed on Monday, September 30, will be on the same day, as the investor who will purchase “Yahsat” shares on Friday and Monday, September 27 and 30, will obtain new shares in the company.Space 42“
According to the circular, the new shares of Space42, owned by Yahsat shareholders, will be available in the shareholders’ accounts on Tuesday, October 1. If Yahsat shares are in the investor’s account with the brokerage/custodian firm, the new shares will be available in the same account with the brokerage/custodian firm. However, if the shares are in the investor’s deposit account, they will also be available in the deposit account.
