The Moroccan Capital Markets Authority (AMMC) has approved the prospectus for Bel’s issuance of new shares through a capital increase reserved for group employees. The offer covers up to 2,403,751 shares. In Morocco, it is open to employees of Fromageries Bel Maroc and Société d'Import Export de Produits Fromagers (SIEPF), with subscriptions running from 8 to 29 April 2026 at a price of EUR 29.36 (MAD 316.41) per share. The prospectus is supplemented by Bel’s 2024 annual report, its first half-year 2025 financial report, key information documents for the employee shareholding fund compartments “WE SHARE MORE 2026” and “WE SHARE SAFE 2026” filed with the French Financial Markets Authority, the bylaws of the “WE SHARE” fund, the group international shareholding plan (as amended), and the characteristics of Bel share subscription warrants; the full documentation is available via the relevant Moroccan subsidiaries, Bel’s website, and the AMMC website.
Moroccan Capital Markets Authority 2026-04-03
Moroccan Capital Markets Authority approves prospectus for Bel employee-only capital increase of 2,403,751 shares
The Moroccan Capital Markets Authority has approved the prospectus for Bel’s capital increase through an employee share offering of up to 2,403,751 new shares. In Morocco, the offer is open to employees of Fromageries Bel Maroc and Société d'Import Export de Produits Fromagers at a subscription price of EUR 29.36 (MAD 316.41) per share, with detailed documentation available via Bel’s Moroccan subsidiaries, Bel’s website, and the Moroccan Capital Markets Authority website.