Credit: Management
Management concluded the capital increase through cash contributions and settlement of receivables, after it was the subject of the operations note approved on March 1, 2024 by the Moroccan Capital Market Authority (AMMC) under reference VI /EM/005/2024.
As part of this operation, 1,873,368 shares were allocated, for a total amount of 2,997,388,800 dirhams, corresponding to a subscription price of 1,600 dirhams per share, Managem stated in a press release.
In addition, the subscription rate for the capital increase reached 112.4%, representing a total amount of subscriptions received of approximately 3,369,464,000 dirhams, or a number of 2,105,915 shares received at the price of 1,600 dirhams. The total number of subscribers is 399.
The shares that are the subject of this capital increase have been listed on the main market since April 17, 2024 under the ticker MNG.
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