T2S Capital Increase Scheduled for October
The T2S Group Holding has officially set the timeline for its capital increase, originally announced in July. This operation, amounting to 142.53 million dirhams (MDH), is entering its subscription phase, with new shares expected to be admitted on October 12. According to a notice from the Casablanca Stock Exchange dated September 23, the subscription period will take place from September 30 to October 2, concluding at 15:30. This capital increase is specifically reserved for Abderraouf Sordo in his capacity as a director, following the extraordinary general assembly held on August 17.
The initiative involves the issuance of 798,944 new shares, priced at 178.40 dirhams each, culminating in a total value of 142.53 MDH, including the issuance premium. This price reflects a 20% discount compared to the 223 dirhams set for the initial public offering. The capital increase will be executed in cash, with the preferential subscription rights of other shareholders waived in favor of the beneficiary.
The finalized execution of this operation is expected to be confirmed by October 7, with the admission of new shares and the announcement of results scheduled for October 12, followed by settlement and delivery slated for October 15. The new shares will be treated the same as existing shares and listed under the same category.
As reported by boursenews.ma.
