Termination of Current Buyback Program
Maroc Telecom has announced plans to discontinue its existing share buyback program, which was authorized in March 2025 and set to run until October 9, 2026. This termination will take effect on April 10, 2026, as part of a strategy to optimize stock management and enhance liquidity.
Introduction of a New Buyback Initiative
In conjunction with this decision, the upcoming General Assembly will be asked to approve a new share buyback program. This initiative can be executed both domestically and internationally, and it will also include the establishment of a liquidity contract linked to the buyback program.
Key Features of the New Buyback Program
The proposed new buyback program will encompass the following key features:
Maximum number of shares: 1,500,000 shares, representing 0.17% of the company's capital.
Maximum amount allocated: 255 million MAD.
Duration of authorization: 18 months.
Effective period: from April 10, 2026, to October 9, 2027.
Intervention limits will be set as follows:
Minimum selling price: 78 MAD.
Maximum purchase price: 170 MAD.
Funding for this program will be sourced from available cash reserves.
Liquidity Contract Specifications
Additionally, the number of shares utilized under the liquidity contract will not exceed 300,000 shares, which corresponds to 20% of the total volume targeted by the buyback program.
Upcoming General Assembly
All resolutions related to these initiatives will be presented for approval at the General Assembly scheduled for March 26, 2026.
