Managem to Implement a 10-for-1 Stock Split
The Casablanca Stock Exchange is set to execute a significant stock split for Managem on July 27, 2026. This decision follows the extraordinary general assembly meeting held on June 25, where shareholders agreed to reduce the nominal value of each share by a factor of ten.
As a direct result of this split, the nominal value of a single Managem share will decrease to 10 dirhams, while the total number of shares in circulation will increase to 118,646,760 shares. The stock will retain its ticker symbol, MNG, and will be associated with the new ISIN code MA0000012866.
In conjunction with the stock split, the Casablanca Stock Exchange will also undertake necessary adjustments to Managem’s order book and reference price. This reference price will be calculated by dividing the last trading price of the old shares by ten, as recorded on the day prior to the split.
Additionally, the exchange will modify the nominal value of the shares on the same date, ensuring a smooth transition for investors and stakeholders alike.
As reported by boursenews.ma.
