The Extraordinary General Meeting of Amen Bank, held on April 27, 2023, decided to increase the Bank’s share capital by TND 42.2 million, from TND 132.4 million dinars to TND 174.6 million, in two phases to take place in 2023 and 2024.
In the first phase, the capital increase will amount to TND 18.9 million, increasing the capital from TND 132.4 million to TND 151.3 million through the incorporation of reserves. This capital increase will be carried out through the creation of 3,783,000 new free shares with a nominal value of TND 5 each.
These new shares will be allotted free of charge to shareholders holding 26,481,000 existing shares and to transferees of stock market allotment rights on the basis of 1 new share for 7 existing shares.
Shareholders will be able to exercise their allotment rights by receiving new shares free of charge in accordance with the allotment ratio defined above or by selling their allotment rights on the stock exchange. The allotment rights may be exercised from October 12, 2023.
The 3,783,000 new bonus shares will be entitled to dividends from January 1, 2023 and will rank pari passu with the existing shares.
The existing shares will be tradable on the stock exchange from October 12, 2023, while the new bonus shares will be tradable on the same trading line as the existing shares from the opening of the allotment, i.e. from October 12, 2023.
