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Home News Holding Al Omrane – The AMMC approves a prospectus related to an ordinary and “social & green” Bond Issuance

Holding Al Omrane – The AMMC approves a prospectus related to an ordinary and “social & green” Bond Issuance

30 May 2019NewsMarrakech Pledge

On October 30th, 2018, the Moroccan Capital Market Authority (AMMC) approved a prospectus concerning the issuance of ordinary and sustainable bonds (of the Social & Green Bonds type) of Al Omrane Holding S.A.

The Ordinary General Meeting of Holding Al Omrane held on February 28th , 2018, after having heard the report of the Management Board, authorized, in the application of the provisions of article 292 and following of the law No. 17–95 relating to public limited companies as amended and supplemented, one or more fixed or variable rate public offerings and for a period of 2 years from the said meeting, comprised of ordinary and sustainable bonds (“Social & Green Bonds” type bonds) – as specified at the Ordinary General Meeting of Holding Al Omrane held on June 29th , 2018 – for a maximum amount of one billion dirhams (MAD 1,000,000,000) and for a maximum maturity of ten years. In addition, the Ordinary General Meeting of Holding Al Omrane has delegated to the Executive Board the extensive powers to carry out this bond issue with the power to subdelegate to the Chairman of the Executive Board. The ordinary general meeting has not limited the amount of the transaction to subscriptions actually received; otherwise, the operation will be canceled if the amount of subscriptions received is less than one billion dirhams (1,000,000,000 MAD).

Read full article:  http://www.ammc.ma/sites/default/files/CP_EO_HAO_029_2018_ANG.pdf

Prospectus summary: http://www.ammc.ma/sites/default/files/R%C3%A9sum%C3%A9_NI_HAO_EN_024_2018.pdf

http://www.ammc.ma/en/espace-emetteurs/operations-financieres/holding-al-omrane-ammc-approves-prospectus-related-ordinary-

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The « Marrakech Pledge » for « Fostering Green Capital Markets in Africa » is a commitment by all African Capital Markets Regulators and Exchanges to act collectively in favor of sustainable development by enabling the establishment of Green Capital Markets in Africa with the aims to promote Africa as a prominent regional green financial marketplace and an attractive destination for green and climate-resilient investments.

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