Office Plast launches 7.33 million dinar capital increase for industrial comeback

Office Plast SA is set to significantly boost its financial standing with a capital increase of 7.33 million dinars, a move approved by the Financial Market Council (CMF). This operation aims to strengthen the company's equity, improve its cash flow, and reduce its overall debt.

The capital increase will be executed in two stages. The first involves a cash injection of 3.67 million dinars through the issuance of 3,665,541 new shares. These shares will be offered at 1.640 dinars each, with existing shareholders having preferential subscription rights. The second stage will see a capital increase of 3.67 million dinars through the incorporation of reserves, resulting in the free distribution of 3,665,541 new shares to existing shareholders.

According to the CMF-approved prospectus, the primary objectives of this capital increase are to reinforce the company's equity base, enhance its treasury, decrease its indebtedness, and increase its self-financing capacity. Ultimately, Office Plast aims to fully restore its production capabilities, signaling a strong commitment to its industrial comeback.