Air Liquide Tunisie, a subsidiary of the French multinational Air Liquide, will increase its share capital by 889,925 dinars (275,092 euros), announced the managers of this company based in Ariana city located north of the capital Tunis.
This decision was endorsed by the Extraordinary General Assembly of the company at its meeting of June 26, 2020. The share capital will increase from 40,047,675 dinars to 40,937,600 dinars, and this by incorporation of reserves and the issue of 35,597 new free shares with a nominal value of 25 dinars each.
According to Air Liquide Tunisie executives, the free shares will be allocated to holders of the 1,601,907 shares making up the current share capital as well as to stock market assignees of the allocation rights, at the rate of one new share for 45 old ones. They also announced that the company will acquire and cancel 42 broken allotment rights. The new shares will carry dividend rights from January 1, 2020.
“Shareholders will be able to exercise their rights by benefiting from new shares free of charge in accordance with the defined allocation parity or by selling their allocation rights on the stock market, from November 20, 2020”, underline the managers of Air Liquide Tunisia. They add that the dividend dividend date for the new free shares is set for January 1, 2020.
With regard to the listing on the stock market of the old Air Liquide Tunisie shares, the directors of this company claim that they will be tradable on the stock exchange, with separate allocation rights, from November 20, 2020. As for the new free shares, they are will also be tradable on the stock exchange from November 20, 2020 on the same quotation line as the old shares to which they will be assimilated, from their creation.
The same applies to allotment rights which will be negotiable on the stock exchange from November 20, 2020. On another note, Air Liquide Tunisie officials inform that the new shares and the allotment rights will be taken care of. by Tunisie Clearing (Central Custodian and Manager of the Securities Settlement / Delivery System) from November 20, 2020.
