The Moroccan Capital Market Authority (AMMC) has officially approved the prospectus for a Renault share sale, exclusively available to the company’s employees. This operation offers a total of 5,914,445 shares for subscription.
According to the AMMC’s announcement, the subscription period in Morocco will run from September 18 to October 2, 2024. Employees will be able to purchase Renault shares at a fixed price of 29.26 euros per share, equivalent to 314.57 Moroccan dirhams. This initiative targets employees of Renault’s Moroccan subsidiaries, including Renault Tanger Exploitation, Renault Commerce Maroc, Somaca, RCI Finance Maroc, and Renault Maroc Services.
The prospectus has been supplemented by several key documents, including the 2023 Universal Registration Document, filed with the French Financial Markets Authority (AMF) under the number D.24-0107, dated March 14, 2024. Additionally, the operation includes information from the “Share Original” compartment of the Renault International employee investment fund (FCPE), as well as the “Renaulution International Relais 2024” FCPE, both approved by the AMF.
Furthermore, the sale follows the guidelines of Renault’s Group Savings Plan (PEG), established in 2003 and updated in June 2024. This plan consolidates all previous amendments, including those related to DIAC Group’s PEG, revised as of June 2024.
All relevant documents, including the approved prospectus, can be accessed by the public at the headquarters of BMCI and the aforementioned Moroccan subsidiaries. Additionally, the documents are available on the official websites of the AMMC and Renault.
