The Extraordinary General Meeting (EGM) of the Tunisian glassware company (SOTUVER) held on 23 June 2015 decided to increase the capital of the company in two successive operations as follows:
A first capital increase in the amount of 1,635,216 dinars by incorporation through special investment reserves which will be established under the provisions of Article 7 of the investment incentives code in the amount of 1141 128.485 dinars and a portion of the retained earnings of 494 087.515 dinars, said a statement from the company.
The 1,635,216 new registered free shares with a par value of one dinar (1DT) each will be distributed among the existing shareholders at the rate of three (03) new free shares for forty (40) old shares. The share capital of the company increases from 21,802,880 dinars to 23,438,096 dinars.
A second capital increase in cash in the amount of 1,065,368 dinars will be performed by issuing 1,065,368 new shares on a one (1) new share for (22) old, bringing the capital from 23,438,096 dinars to 24,503,464 dinars.
The new shares subscribed for in cash will be issued at 4,100 dinars per share, i.e. 1 dinar par value and 3,100 dinars issue premium.