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BMCE Bank of Africa: The capital increase voted at the end of May

The Extraordinary General Meeting of BMCE Bank of Africa will vote on May 28th to increase the share capital by a maximum total amount, including issue premium, of 1.9 billion dirhams.

This increase will be in two tranches, a first of a maximum amount of MAD 897.3 million open to shareholders of the bank, “to be released exclusively by total or partial conversion of dividends into shares”. The second tranche, of a maximum amount of MAD 1 billion, will be achieved through a public offering with the maintenance of shareholders’ preferential subscription rights, “to be paid in cash and in full at the time of subscription”.

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