August 2023 Repurchase Program Declarations by Moroccan Listed Companies: BCP, Maroc Telecom, Stokvis Nord Afrique, and TGCC

2023-09-09 17:00:51

The Moroccan Capital Market Authority (AMMC) published the monthly declaration for August 2023 relating to the repurchase program by listed companies of their own shares. Thus, BCP purchased 70,782 shares including 41,125 under the liquidity contract (CL) at the weighted average price of 259.95 dirhams (DH), reports the AMMC, specifying that the Bank sold 1,000, all within the framework of the CL at the weighted average price of 264.50 DH.

At the end of August, BCP still held 209,092 own shares, or 0.103% of its capital, adds the same source. Maroc Telecom also made purchases on the Casablanca market (89,746 shares, including 52,060 within the framework of the CL) at a weighted average price of 109.32 DH, and on the Paris market (7,532 shares at a price of 9.85 euros). .

The company also sold 47,746 shares, including 47,207 on the Casablanca market (34,521 under the CL) at a price of 108.95 DH, and 539 shares on the Paris market at a price of 10.04 euros. Maroc Telecom still holds 131,679 shares at the end of August as part of its two programs on the Casablanca (50,000 shares) and Paris (81,679 shares) markets, or 0.015% of its capital.

For its part, Stokvis Nord Afrique purchased 20 shares at the weighted average price of 12.75 DH. The company still holds 394,364 own shares, or 4.289% of its capital.

For its part, TGCC purchased 8,896 securities (including 8,696 within the framework of the CL) at the weighted average price of 144.79 DH and sold 480 within the framework of the CL at the weighted average price of 149 DH. The company still holds 18,508 own shares, or 0.058% of its capital.

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