The Moroccan Capital Market Authority (AMMC) announced on Wednesday that it has approved an information notice regarding Banque Centrale Populaire’s (BCP) share buyback program.
This program allows the bank to hold a maximum of 10,165,623 shares, equivalent to 5% of its capital. The maximum purchase price is set at 374 dirhams (DH) per share, and the minimum sale price is 201 DH, according to the AMMC’s statement. The program will run from July 15, 2024, to January 15, 2026.
The implementation of this program is subject to approval by the ordinary general meeting, which is scheduled for June 28, 2024.
An excerpt of the information notice will be published in a legal announcement journal and on the Banque Centrale Populaire’s website.
