Home » Economy » AMMC Approves Axa’s Capital Increase for Group Employees: Complete Details and Reservation Period

AMMC Approves Axa’s Capital Increase for Group Employees: Complete Details and Reservation Period

by Alexandra Hartman Editor-in-Chief

2023-09-02 10:56:48

The Moroccan Capital Market Authority (AMMC) approved, on Tuesday, a preliminary prospectus relating to the capital increase of the company “Axa” reserved for group employees. The operation will be carried out by issuing a maximum of 58.951965 shares, said the AMMC in a press release.

In Morocco, this operation concerns the employees of the subsidiaries Axa assurance Maroc, Carré assurance Maroc, Axa assistance Maroc services SA and the branches and groups of Axa service Maroc GIE, Axa France IARD branch, Axa France vie branch, Avanssur branch, and Axa group Operations Morocco branch, says the same source.

The reservation period in Morocco will run from August 30 to September 6 inclusive, and the subscription price will be set on October 11, 2023, notes the press release.

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