The Moroccan Capital Markets Authority published a disclosure that Abderraouf Sordo has crossed above the 20% ownership threshold in T2S Group Holding following a reserved capital increase. The company issued 798,944 new shares exclusively to Sordo as a director, bringing his declared direct holding to 5,016,656 shares, or 22.21% of its share capital. Sordo also declared that he acts in concert with Ahmed Achaach, Mohamed Bouzid, Ismail Bouih, Youssef Benabud and Trone Investment Holding Limited. He intends to stop purchasing T2S Group Holding shares during the six months following the threshold crossing.
Moroccan Capital Markets Authority reports Abderraouf Sordo’s stake in T2S Group Holding has crossed 20%
The Moroccan Capital Markets Authority reported that Abderraouf Sordo crossed above the 20% ownership threshold in T2S Group Holding after receiving 798,944 new shares through a reserved capital increase, bringing his declared direct stake to 22.21%. Sordo also declared that he acts in concert with other investors and intends to stop purchasing the company’s shares during the six months following the threshold crossing.