Aradei Capital, a leading real estate player listed in Morocco, has announced three Extraordinary General Meetings (EGMs) for its bondholders. These meetings are scheduled to take place consecutively on Monday, February 24, 2025, at the company’s headquarters in Casablanca. The discussions will focus on key issues related to the company’s outstanding bond issues, which collectively amount to an impressive 1.7 billion dirhams.
The EGMs, set for 10:00 AM, 10:30 AM, and 11:00 AM respectively, are in compliance with Law 17-95 governing public limited companies. During these sessions, bondholders will have the opportunity to review and approve comprehensive reports prepared by the Bondholders’ Representative. These reports provide insights into transactions conducted on behalf of bondholders, the status of guarantees, and their current valuation.
To ensure transparency and accessibility, all relevant documentation is readily available at Aradei Capital’s headquarters and on its official website. Bondholders unable to attend in person can still exercise their voting rights via proxy or correspondence, with the necessary forms and instructions accessible online.
Virtual participation: A step towards modern governance
In a bid to enhance accessibility and embrace modern corporate practices, Aradei Capital is offering bondholders the option to attend the meetings via videoconference. The technical details and access codes will be shared five days prior to the event, underscoring the company’s commitment to transparency and inclusivity.
During these pivotal meetings, bondholders will deliberate on several critical resolutions, including the approval of the Bondholders’ Representative reports and the delegation of powers to execute the necessary legal formalities.
