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The capital increase limit is 82.315%

Broadcast United News Desk
The capital increase limit is 82.315%

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The share capital of the company “Magasin Général” is increased in cash by 5,218,750 dinars, up to 82.315% of the amount initially decided on.

In a press release published on the website of the Council for Financial Markets (CMF) on Thursday, the company specified that the operation was carried out by subscribing to 4,295,820 new shares at the issue price of 10 dinars per share, i.e. an increase of 1 dinar in the par value. The issue premium was 9 dinars.

As a result of this capital increase, the share capital of Magasin Général SA increased from 11,481,250 dinars to 15,777,070 dinars, divided into 15,777,070 registered shares with a par value of 1 dinar each.

Please remember that this capital increase was decided by the company’s extraordinary general meeting of shareholders on June 17, 2023, and subscriptions began to be accepted on May 15, 2023, in accordance with the offering prospectus approved by CMF on May 17, 2023. No. 23-1100.

In the second quarter of 2023, the tax-exclusive turnover of the company “Magasin Général” increased by 5.76% compared to the same period of the previous year.
Personnel expenses in the second quarter of 2023 decreased by 7.66% compared with the second quarter of last year.

According to the quarterly activity indicators published by the Tunisian Stock Exchange, the ratio of salaries to turnover excluding taxes rose from 10.03% on June 30, 2022 to 8.76% on June 30, 2023. At the end of the second quarter of 2023, the company had 102 points of sale.

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