- Type of Offering
- IPO
- Status
- Listed
- Exchange
- Casablanca SE
- Sector
- Mining and Metals
- Country of Incorporation
- Morocco
- Shares Offered
- 490,040
- Offer Size
- MAD 300.39M
- Percentage Offered
- 33%
- Issue Price
- MAD 613.00
- Total Equity Value
- MAD 910.31M
- Eligibility RequirementsOpen to all subscribers
-Type I: Employees of Compagnie Minière de Touissit: can subscribe up to 8 times their monthly salary: 19,340 shares or 3.95% of the offering.
-Type II: Foreign and Moroccan applicants giving orders to less or equal 250 shares: 245,282 shares or 50.05% of the offering.
-Type III: Foreign and Moroccan Applicants giving orders to less or equal to 4,900 shares: 78,406 shares or 16% of the offering.
-Type IV: Moroccan and foreign legal entities (Insurance and reinsurance companies, mutual funds, pension and retirement institutions, banks, and the CDG) giving orders to less or equal to 49,004 shares; however multi-assets funds are allowed to subscribe to a maximum of 24,502 shares: 147,012shares or 30% of the offering.
- Additional InformationShare price: MAD 613; MAD 100 Par Value + MAD 513 Premium
In case of high oversubscription, the lead manager, in agreement with Casablanca stock exchange, has the right to close the subscription period on 20-May-08 instead of 23-May-08 the official closing date.
Subscription results:
Type I was fully subscribed.
Type II was oversubscribed 2.14 times.
Type III was oversubscribed 4.29 times.
Type IV was oversubscribed 42.01 times.
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