CFG Bank: AMMC targets IPO prospectus – Media7

The Moroccan Capital Market Authority (AMMC) announced on Wednesday that it had approved the prospectus relating to the initial public offering (IPO – Initial Public Offering) of the company CFG Bank under the reference VI/EM/031/2023.

The operation will be carried out through a capital increase, indicates the AMMC in a press release, indicating that the subscription period runs from November 30, 2023 to December 7 at 3:30 p.m. inclusive.

The maximum overall amount of this operation (issue premium included) amounts to 599,999,950 dirhams, specifies the same source, adding that the issue price is 110 dirhams and the nominal value is set at 20 dirhams, with a total of 5,454,545 new shares to be issued.

As for the nature of the security, these are category “A” ordinary shares, indicates the AMMC, noting that the listing compartment is that “F” of the main market of the Casablanca Stock Exchange.

This IPO was authorized by the Combined General Meeting held on November 16, 2023, recalls the Authority.

Follow us

Google News


Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button