The Moroccan Capital Market Authority (AMMC) announced on Friday that it approved an information notice relating to a program to buy back shares in the company “Itissalat Al Maghrib”.
For a period of 18 months (from May 16, 2022 to November 15, 2023), this program sets the maximum number of shares to be held at 1,500,000, i.e. 0.17% of the capital, specifies the AMMC in a press release.
The maximum unit purchase price is 185 dirhams and the minimum unit sale price is 97 dirhams (or their equivalent in euros), the press release indicates.
Said program will be subject to the authorization of the Ordinary General Assembly, which will meet on April 29, adds the same source.
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