Maroc Telecom : to launch share buyback on 10 May

13 April 2018

Mergers, Acquisitions and Financial Results

Maroc Telecom (IAM) will launch a share buyback programme for 1.5 million shares on 10 May, bourse regulator L'Autorite Marocaine du Marche des Capitaux (AMMC) reports. The maximum purchasing price per share is set at MAD189 (USD20.4), while the minimum selling price per share is MAD96. The telco aims to reduce extreme share price volatility via the share buyback programme.

Source: 4Traders