Year-End Stock Market Operations: Artes Sees Significant Transactions
As is the case every year, the end of the stock market year is marked by significant intra-group or majority shareholder transactions.
The starting gun seems to have been fired with transactions involving Artes' shares:
- Sale of 3,500,534 shares at an average unit price of 7,980 TND, totaling 27,934 Mtnd, by MZ Holding Invest. This quantity represents 9.15% of the concessionaire's capital and 33.33% of the first shareholder's stake. Malek Mzabi, manager of the company, is a member of Artes' Board of Directors. MZ Holding Invest is also a member of the board, represented by Sadok Mzabi.
- Purchase of 1,750,267 shares by Faouzia Mzabi at an average unit price of 7,980 TND (13,967 Mtnd in total).
- Purchase of 1,750,267 shares by Azza Mzabi at an average unit price of 7,980 TND (13,967 Mtnd in total).
Ultimately, there is no impact on the shareholder structure, as it involves the same core group.
These operations typically serve to optimize profitability within the family group. Since the beginning of the year, the share price has risen by 30.46%, the best performance compared to other concessionaires. In terms of volume, Artes is one of the most traded shares on the stock market this year, with 45,057 Mtnd.
The market was not surprised and continues to appreciate the share. As a value dominated by family capital, it is generous in terms of dividends, as confirmed by its history. Furthermore, the first half of the year was excellent, with a net result of 20,705 Mtnd. The third-quarter figures also confirm that the company is heading towards one of the best years in its history. All indicators are green.
