-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 Information
Share 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.
Proceeds will be received by the major selling shareholder OSEAD Maroc Mining (OMM), the holder of 99.99% of the Company's shares prior to the IPO and will be used by the latter to reimburse a portion of the debt due to Attijariwafa bank – BMCI for the acquisition of CMT.