Les Eaux Minérales d’Oulmès launches ORA of 350 MDH to finance its development plan

LEMO will initiate a subscription for Redeemable Bonds in Shares (ORA) starting December 1, 2025, aimed at qualified investors. The total amount for this issuance is set at 350 million dirhams, with the subscription period running until December 3, 2025, at 3:30 PM. This operation is designed to support the company's sustainable growth ambitions through 2030. It will enhance industrial capacities with an investment of approximately 236.5 million dirhams, focusing on modernizing and expanding production lines, targeted automation, and increasing yields. Around 35 million dirhams will be allocated to product innovation, which includes new ranges of flavored and functional waters, as well as investments in research and development and packaging. The plan also includes 47 million dirhams for logistics and distribution development, aimed at expanding the network, improving storage, and optimizing the supply chain. Digital transformation will receive about 20 million dirhams, dedicated to implementing ERP/CRM solutions, predictive tools, and traceability systems. Finally, nearly 12 million dirhams will be directed towards ESG projects, focusing on energy efficiency, plastic reduction, and responsible water resource management. In addition to financing these projects, the operation will allow identified investors to enter the capital, increase the company's visibility, and optimize financing costs. The proposed ORA will have a maturity of 2 years and 6 months, a nominal rate of 3.59% with a risk premium of 120 basis points, and will be negotiable over-the-counter.