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General Trading & Food Processing Co B.S.C (“TRAFCO”), the Bahrain based regional food retail, wholesale and distribution business, announced today a rights issue to raise BD 3.7 million to fund its future growth strategy.
Shareholders registered on TRAFCO’s register on the Record Date as at 30 April 2008 will be invited to apply to subscribe for a total of 13,445,842 newly issued shares at an Offer Price of BD0.275. Shareholders will have the right to purchase 1 Ordinary Share for every 5 shares held on the Record Date. The Offer will open on 6th May 2008 and will close on 20th May 2008.
Securities & Investment Company was appointed as the issue manager for the rights offering. Hatim S. Zu’bi and Partners is the legal advisor, Ernst & Young is the auditor and the registrar is KPMG Fakhro.
The following documents are available for viewing/downloading:
TRAFCO Announcement - English
TRAFCO Announcement - ArabicTRAFCO
Press Release - Arabic & English
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