HomeNewsTunisia: ATB prepares a capital increase of 100 MD

Tunisia: ATB prepares a capital increase of 100 MD

The Arab Tunisian Bank (ATB) informs its shareholders and the public that its Board of Directors decided at its meeting on October 28, 2021 to convene an Extraordinary General Meeting to be held on November 26, 2021 to deliberate on the proposal to increase the share capital from TND 100 million to TND 128 million.

This increase will be made by issuing 28 million investment certificates reserved to the reference shareholder Arab Bank. 

The issue will be made at the price of TND 2.5 per certificate composed of TND 1 nominal value and TND 1.5 of issue premium.

The investment certificates thus issued will bear enjoyment as from January 1, 2022. 

The issuance of the investment certificates will be accompanied by the issuance of 28 million voting right certificates which will be distributed among the ATB shareholders at the time of issuance and in proportion to their shares in the capital.

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