Algerian Radio
The Commission for the Organization and Surveillance of Stock Exchange Operations (COSOB) has granted its approval for the information prospectus regarding the 15% capital increase of the public economic enterprise (EPE) "CSC Expertise Spa" via a public offering, the Commission announced in a statement on Monday.
This operation involves the issuance of 300,000 new shares, which will be admitted to the growth compartment of the Algiers Stock Exchange's equity market.
The issue price has been set at 425 dinars per share, totaling 127.5 million dinars. The minimum subscription is set at 500 shares per subscriber. The securities, which are bearer and dematerialized, will be registered in accounts with securities custodians.
A subsidiary of the Research Center in Industrial Technologies (CRTI), which operates under the supervision of the Ministry of Higher Education and Scientific Research, CSC Expertise Spa intends to use the raised funds to finance its new commercial orientation.
The project notably aims to strengthen the company's activities in the fields of technical expertise, industrial inspection, non-destructive testing, trials and analyses, and specialized training, while simultaneously developing new high-potential activities.
According to the COSOB, this is the second approval granted to a company within the Higher Education and Scientific Research sector, following the EPE "CRAPC Expertise Spa," and the third issued since the beginning of the year. This brings the total number of companies listed on the Algiers Stock Exchange to eleven.
