The Moroccan Capital Market Authority (AMMC) published its monthly disclosure of transactions executed in January 2025 under listed companies’ share buyback programmes, including trades carried out via buyback programmes and liquidity contracts, under Decree No. 2-02-556. For Maroc Telecom, the disclosure sets out a programme running from 15 July 2024 to 15 January 2026, authorising up to 10,165,623 shares (5% of share capital) with a maximum purchase price of MAD 374 and a minimum sale price of MAD 201, and notes a maximum 20% liquidity contract. In January 2025, 1,136,340 shares were purchased and 107,884 were sold, with weighted average purchase prices of MAD 284.40 in Casablanca and EUR 7.83 (MAD 91.10) in Paris, and weighted average sale prices of MAD 283.74 in Casablanca and EUR 7.89 (MAD 90.32) in Paris. The report also lists Banque Centrale Populaire’s programme parameters, including a 15 April 2024 to 14 October 2025 period, a ceiling of 1,500,000 shares (0.17%), a maximum purchase price of MAD 140 and a minimum sale price of MAD 68, with a maximum 20% liquidity contract.
Moroccan Capital Markets Authority 2025-02-12
Moroccan Capital Market Authority discloses January 2025 share buyback and liquidity contract transactions
The Moroccan Capital Market Authority released its January 2025 disclosure on share buyback transactions under Decree No. 2-02-556. For Maroc Telecom, the programme allows up to 10,165,623 shares with specific price limits, and in January, 1,136,340 shares were bought and 107,884 sold. Banque Centrale Populaire's programme details include a ceiling of 1,500,000 shares with defined price parameters.