Tunisian Industrial Paper and Cardboard Company (STIP) Announces Share Buyback Program Closure
The Tunisian Industrial Paper and Cardboard Company (STIP) has announced the closure of its share buyback program, as well as the cancellation of all shares acquired under this program, resulting in a reduction of its share capital.
Background
This operation follows an authorization granted by the Extraordinary General Assembly on August 20, 2024, which approved a share buyback program for the purpose of cancelling the shares.
Share Buyback Details
In this context, the company purchased 191,681 shares for a total amount of approximately 1.03 million dinars, in accordance with the decisions validated by the shareholders.
Cancellation of Shares
The Board of Directors, which met on December 15, 2025, decided to cancel all the purchased shares, i.e., 191,681 shares with a nominal value of 1.09 dinars each. This decision took effect as of October 31, 2025.
Impact on Share Capital
As a result of this operation, the share capital of STIP has been reduced by 208,932.29 dinars, from 30.72 million dinars to approximately 30.51 million dinars.
Purpose of the Operation
This type of operation is commonly used by companies to adjust their capital structure and optimize the management of their outstanding shares.
