Risma prepares a capital increase to finance its growth

According to the notice of meeting, shareholders will be called to authorize a capital increase of up to 450 million dirhams. This will be executed in a single transaction through the issuance of shares priced between 295 dirhams and 305 dirhams each (including the issuance premium). The shares must be fully paid in cash, with the preferential subscription rights of existing shareholders waived in favor of the public. Additionally, there will be authorization for a second capital increase of up to 50 million dirhams, contingent upon the successful completion of the first increase of 450 million dirhams. This second increase will also involve issuing shares at a subscription price within the same range of 295 dirhams to 305 dirhams per share, but with a 10% discount. These shares must also be fully paid in cash, with the preferential subscription rights waived in accordance with Article 192 of Law No. 17-95 concerning public limited companies, as amended and supplemented, in favor of certain company executives and subsidiaries, if applicable. The second capital increase (number 2) will include a 10% discount in exchange for a lock-up mechanism lasting three years on half of the shares allocated to each executive. The other half of the shares will be freely transferable starting from the settlement of the capital increase number 2. The general assembly to decide on these operations is scheduled for December 4. Further developments will follow.