On October 19, 2023, Kout Food Group Company announced that it has obtained approval from the Capital Markets Authority (CMA) to purchase up to 10% of its shares, also known as treasury shares. Shareholders who are interested in selling their shares are encouraged to indicate their desire to offer them for sale. The purchase price for the offered shares will be paid in cash, subject to agreement between the company and the shareholder. The company assures that the purchase price will be available upon inquiry. It is important to note that any expenses related to broker commissions, government expenses, transfer expenses, taxes, and other fees are the responsibility of each party separately.
The shares being offered must be free from any disputes, encumbrances, mortgages, and restrictions. It is emphasized that this announcement does not imply any intention, offer, agreement, or understanding to purchase shares unless agreed upon in writing by the company. Kout Food Group Company does not guarantee the purchase of any or all shares offered by shareholders.
Shareholders interested in offering their shares are advised to conduct due diligence and consult their investment advisors at their own expense. The company, including its officers, directors, employees, agents, and consultants, will not be held responsible in this regard. Shareholders must inform the company in writing about their desire to offer shares and the number of shares they wish to offer no later than Wednesday, November 8, 2023.