Significant Transactions on One Tech Holding's Capital

Two significant transactions involving One Tech Holding's capital were declared yesterday at the Tunis Stock Exchange. The first transaction, carried out by Maghreb Private Equity Fund III LLC, involved 482,873 shares at an average price of 8,050 TND per share. The second transaction, carried out by AfricInvest Fund III LLC, involved 517,127 shares at the same average unit price.

Common Link between Sellers

The common link between the two sellers is that they are both managed by Karim Trad, a member of One Tech's board of directors, which is why the declaration was necessary. The transactions were carried out at the market's average cost, without any premium.

Impact on Shareholding Structure

Following these transactions, Maghreb Private Equity Fund III LLC now holds 6,112,514 shares of the holding company, representing 7.60% of the capital. AfricInvest Fund III LLC's stake now stands at 6,546,131 shares, representing 8.14% of the capital. Their respective seats on the board of directors are not threatened.

Financial Results and Dividend Proposal

The company announced a 2023 net group result of 97,781 MTND, up 24.5% year-over-year. The board of directors has proposed a dividend distribution of 0.250 TND per share, which represents a yield of 3.1% based on yesterday's closing price, around the market average. The stock has underperformed by 10.31% since the beginning of the year, but it remains a safe-haven value on the Tunisian stock market.