The shareholders of ATB have just authorized the recapitalization of the bank, through a capital increase entirely reserved for the reference shareholder and parent bank, the Jordanian Arab Bank (AB).
The operation will be carried out through the issuance of 28 000 000 investment certificates which will be issued at a price of 2.500 TND. ATB will thus see its equity strengthened by 70 MTND.
The issuance of the investment certificates will be coupled with the creation of 28,000,000 voting rights certificates that will be allocated to all the current shareholders composing the ATB capital, and this, in proportion to their rights.
ATB has thus chosen not to undermine the small shareholders, by avoiding to modify the control percentages on the voting rights.
