The Moroccan Capital Market Authority (AMMC) approved an information notice relating to a share buyback program in the company Douja Promotion Groupe Addoha.
This program, which begins on September 11 and ends on March 10, 2022, covers 4,025,512 shares as the maximum number to be held, i.e. 1% of the capital, the AMMC said in a press release.
The maximum purchase price was set at 12 dirhams, while the minimum sale price was set at 6 dirhams. The program will be submitted for approval by the Ordinary General Assembly, which will meet on September 3, the AMMC added.
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