FINANCIAL MARKET HEADLINES
| MOROCCO | MAROC TELECOM | AMMC approved Maroc Telecom's buyback program
AMMC approved, on April 8th 2022, the information prospectus related to the buyback program on Maroc Telecom shares. The main characteristics of this program are as follows :
- Maximum number of shares to be held : 1,500,000 shares (i.e. 0.17% of the capital);
- Maximum purchase price : MAD 185 or its equivalent in euros;
- Minimum sale price : MAD 97 or its equivalent in euros;
- Program period : from May 16th 2022 to September 15th 2023.
| MOROCCO | LYDEC | AMMC approved the Mandatory Take-over Bid
AMMC approved, on April 8th 2022, the information note related to the Mandatory Take-over Bid on Lydec shares at the initiative of VEOLIA Environment SA acting in concert with SUEZ. The main characteristics of this operation are the following :
- Number of shares concerned : 8,000,000 shares;
- Offer price : MAD 270 per share;
- Maximum amount of the Offer : MAD 2,160,000,000;
- Offer period : from April 18th to May 17th 2022 included.
| MOROCCO | LYDEC | AMMC approved the Mandatory Take-over Bid
AMMC approved, on April 8th 2022, the information note related to the Mandatory Take-over Bid on Lydec shares at the initiative of VEOLIA Environment SA acting in concert with SUEZ. The main characteristics of this operation are the following :
- Number of shares concerned : 8,000,000 shares;
- Offer price : MAD 270 per share;
- Maximum amount of the Offer : MAD 2,160,000,000;
- Offer period : from April 18th to May 17th 2022 included.
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