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HomeNewsTunisia: CMF authorizes BH’s capital increase from 170 to 238 MD

Tunisia: CMF authorizes BH’s capital increase from 170 to 238 MD

The Financial Market Council (CMF) has just approved the prospectus for the capital increase of the “Banque de l’Habitat” (BH).

The share capital of the bank will therefore be increased from 170 to 238 million dinars by the subscription in cash and the issue of 6,800,000 new shares and the incorporation of reserves and allocation of 6,800,000 free new shares.

The issue of 6,800,000 shares will be made at a price of 15 dinars each, i.e. 5 dinars of nominal value and 10 dinars of issue premium.

The price of the issue is to be released in full at the subscription.

The subscription to the 6,800,000 new shares issued in cash is reserved, in priority, to the former shareholders holding the shares composing the current share capital and to the assignees of subscription rights on the Stock Exchange, both on an irreducible basis and reducible on the basis of one (1) new share for five (5) old and this from November 17, 2017 to December 15, 2017 included.

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