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BMCE BANK: A capital increase in two tranches for a maximum total amount of MAD 1,896,391,440

Fact : Obtaining of the AMMC Visa.

The AMMC has just approved, on June 25th,2019, the prospectus relating to the capital increase of BMCE BANK OF AFRICA in two tranches for a maximum total amount of MAD 1,896,391,440 :

  • Tranche I corresponds to an optional conversion into shares of ordinary dividends for the 2018 financial year by issuing a maximum of 4,985,094 new shares at an issue price of MAD 180, i.e. a total of MAD 897,316,920;
  • Tranche II corresponds to a cash contribution to by issuing a maximum of 5,550,414 new shares at an issue price of 180 MAD, i.e. a total of MAD 999,074,520.
Underlying
Marocaine du Commerce Exterieur Banque BMCE Bank SA

Provider
BMCE Capital Global Research
BMCE Capital Global Research

BMCE Capital Global Research is a subsidiary of BMCE Capital Group dedicated to Research and Financial Analysis. It is addressed to professional investors (financial institutions, management companies, etc.) to which it provides information and independent analysis aligned with international standards. BMCE Capital Research covers equities, interest rate, Forex and commodities markets in Morocco, Tunisia and WAEMU region (Bourse Régionale des Valeurs Mobilières, BRVM). Thanks to its latest generation technology platform, to its teams and to those of its partners, the Research Office of BMCE Capital is now able to cover simultaneously several places in Africa and to produce several publications co-branded under its umbrella brand African Securities Network, ASN.

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