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Tunisia: SFBT will increase its capital by 12 million dinars

The “Societe frigorifique et brasserie de Tunis” (SFBT) announced on Wednesday that its Board of Directors meeting on February 28, 2017 decided to propose a capital increase of 12 million dinars at the next Extraordinary General Meeting.

This increase will be made by incorporating the special investment reserve account (investments within the company) for an amount of 11.2 million dinars and by drawing 800,000 dinars from the special investment account available.

This increase will give rise to the issue of 12,000,000 shares of one dinar each, on the basis of one new free share for every 10 old shares.

The company emphasizes that its Board will propose to this Meeting, which will take place on Tuesday, April 11, 2017 at 9:30 am at the IACE, that the right to use the new free shares be set at January 1, 2016.

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