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Tunisia: Hannibal Lease increases capital

Leasing company Hannibal Lease has just obtained a visa from the Financial Market Council (CMF) for a capital increase of 11.480 million dinars, broken down as follows:

8.610 million dinars per subscription in cash of 1,772,000 new shares

2.870 million dinars by incorporation of reserves and allocation of 574,000 free new shares.

The issue in cash will be made at the price of 8 dinars each, i.e. 5 dinars of nominal and 3 dinars of issue premium. The newly subscribed shares will be fully paid up for subscription.

Subscription to the 1,772,000 new shares issued in cash is reserved in priority to the former shareholders holding the shares making up the current share capital and to the transferees of subscription rights on the stock exchange, irreducible or reducible on the basis of 3 new shares for 10 old shares from August 18, 2017 to September 29, 2017 inclusive.

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