Smart Tunisie Announces Capital Increase through Reserve Incorporation
Smart Tunisie has announced that it will proceed with a capital increase by incorporating reserves from the "Reported Results" account, amounting to 7,231,030 TND, to raise its capital from 43,386,185 TND to 50,617,215 TND, in two tranches.
This operation was voted on by the Extraordinary General Assembly on April 28, 2023, and the first tranche was completed in June 2023.
As a result, 1,446,206 new free shares will be created, with a nominal value of 5 TND each, at a ratio of one new free share for every six old shares. The company will acquire and cancel a broken attribution right. The detachment date is set for November 11, 2024, and the enjoyment date is January 1, 2024.
This is a perfect time for the title, which has maintained a 4.05% return since the beginning of the year. The company has posted good figures since the start of the year, with a 16% increase in turnover to 278,404 MTND. The first half of the year was marked by a profit of 9,225 MTND. In a rather tense market, which depends on the trajectory of banks, the company is managing the flow of positive information to support the stock price. A very good strategy that combines the useful with the pleasant.
