Banque Internationale Arabe de Tunisie (BIAT) decided at its General Meeting held on November 1 to increase the Bank’s share capital from 178.500 million Tunisian dinars to 204 million Tunisian dinars by incorporating 25.5 million Tunisian dinars of ordinary reserves.
This capital increase will be carried out through the creation of 5,100,000 new shares with a nominal value of five (5) dinars each, to be allotted free of charge to existing shareholders on the basis of one (1) new free share for seven (7) existing shares.
Shareholders may 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 market.
The rights will be exercisable from November 29, 2024. The 5,100,000 new bonus shares will be entitled to dividends from January 1, 2024 and will rank pari passu with the existing shares.
The old shares of BIAT will be tradable on the stock exchange from November 29, 2024, with the right of attribution detached.
The new free shares will be tradable on the stock exchange from November 29, 2024 on the same quotation line as the existing shares.
The allotment rights will be tradable on the stock exchange from November 29, 2024.
The new bonus shares and rights will be cleared by Tunisie Clearing from November 29, 2024.
