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STICODEVAM informs its members of any corporate actions
decided by the issuer or its representative concerning the characteristics
of the security or the attached rights:
Dividends payment 
Since July 1996, STICODEVAM adopted a dividends payment procedure in
order to help issuers and intermediaries holding securities account.
Dividends payments are noticed to STICODEVAM members by mail.
Redumption
STICODEVAM has set up a procedure called "direct payment" that
accelerates and secures Treasury bonds interests payment and principal
redemption. This procedure consists in crediting the account of the
intermediary holding account at
Tunisia Central Bank the day the redemption occurs and proportionally to its STICODEVAM book.
Augmentation de capital
STICODEVAM manages all the types of capital's rises for
all the admitted companies:
- Capital's rise by reserves incorporation, with free stock attribution
for the old shareholders. In this case, a right account is detached.
Attributions rights are considered as stocks and are managed by STICODEVAM
like ordinary shares account since they are negotiated like shares on the
Exchange. Rights Attribution conversions in stocks are made by
intermediaries holding securities accounts according to the STICODEVAM
procedures. Presently, attribution rights accounts are opened for 30
years.
- Capital's rise reserves incorporation and old stocks
nominal value increase.
- Capital's rise by new shares issue cash payable. In
this case, STICODEVAM creates a subscription right account. Subscription
rights are also managed like attribution rights since they are negotiate
at the Exchange during subscription period. On subscription end, the
issuer sends STICODEVAM a shares distribution report for each intermediary
holding accounts.
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