3//SEC Filing
Olayan Financing Co Ltd. 3
Accession 0000947871-18-000469
CIK 0001698514other
Filed
May 28, 8:00 PM ET
Accepted
May 29, 6:20 PM ET
Size
9.5 KB
Accession
0000947871-18-000469
Insider Transaction Report
Form 3
Olayan Financing Co Ltd.
10% Owner
Holdings
- (indirect: See Footnote)
Warrants
Exercise: $11.50→ Ordinary Shares (1,500,000 underlying) - 3,000,000(indirect: See Footnote)
Ordinary Shares, no par value
- (indirect: See Footnote)
NPS Shares
→ Ordinary Shares (13,340,448 underlying)
Olayan Saudi Holding Co
10% Owner
Holdings
- (indirect: See Footnote)
NPS Shares
→ Ordinary Shares (13,340,448 underlying) - 3,000,000(indirect: See Footnote)
Ordinary Shares, no par value
- (indirect: See Footnote)
Warrants
Exercise: $11.50→ Ordinary Shares (1,500,000 underlying)
Footnotes (3)
- [F1]The shares are owned by Olayan Saudi Holding Company ("OSHCO"), which is a majority-owned subsidiary of Olayan Financing Company ("OFC"). Each reporting person disclaims beneficial ownership of all interests reported on this Form 3 except to the extent of such reporting person's pecuniary interests.
- [F2]The warrants become exercisable 30 days after the completion of an initial business combination and will expire on the fifth anniversary of such completion or earlier upon redemption.
- [F3]Pursuant to the Stock Purchase Agreement entered into between Hana Investments Co. WLL, a Bahrain entity and majority-owned subsidiary of OFC ("Hana"), the Issuer, other selling stockholders, and NPS Holdings Limited ("NPS"), dated November 12, 2017, Hana agreed to exchange NPS shares for 13,340,448 shares of the Issuer's Ordinary Shares upon the closing of the business transaction between the Issuer and NPS (the "Transaction"), subject to Hana effectuating such exchange at the closing. The NPS shares became convertible into Issuer shares upon the Issuer's shareholders' approval of the Transaction, which approval occurred on May 18, 2018. Hana is a nominee of OSHCO with respect to the exchange.
Documents
Issuer
National Energy Services Reunited Corp.
CIK 0001698514
Entity typeother
IncorporatedSaudi Arabia
Related Parties
1- filerCIK 0001741838
Filing Metadata
- Form type
- 3
- Filed
- May 28, 8:00 PM ET
- Accepted
- May 29, 6:20 PM ET
- Size
- 9.5 KB