The Moroccan Capital Market Authority (AMMC) approved the prospectus for Bel’s issuance of new shares as part of a capital increase reserved for group employees. The offering covers 2,403,751 shares. In Morocco, it targets employees of Fromageries Bel Maroc and Société d'Import Export de Produits Fromagers (SIEPF), with subscriptions open from 8 April to 29 April 2025 (inclusive) at a price of EUR 26.34 per share (MAD 276.97). The prospectus is supplemented by Bel’s 2023 annual report, its first half-year 2024 financial report, key information documents for the FCPE compartments “WE SHARE MORE 2025” (reference 990000203069) and “WE SHARE SAFE 2025” (reference 990000203059) filed with the AMF, the “WE SHARE” fund bylaws, the group international shareholding plan (adopted 3 July 2024 and amended 14 March 2025), and characteristics of Bel’s share subscription warrants (BSA).
Moroccan Capital Markets Authority 2025-04-02
Moroccan Capital Market Authority approves prospectus for Bel employee share capital increase
The Moroccan Capital Market Authority approved the prospectus for Bel's issuance of 2,403,751 new shares as part of a capital increase for group employees. The offering targets employees of Fromageries Bel Maroc and Société d'Import Export de Produits Fromagers in Morocco, with subscriptions open from 8 to 29 April 2025 at EUR 26.34 per share. The prospectus includes Bel’s 2023 annual report, first half-year 2024 financial report, and key information documents for the FCPE compartments.