Stocks Market
Managem Announces 10‑for‑1 Stock Split Effective July 27
The Casablanca Stock Exchange will execute a ten‑fold split of Managem’s shares on July 27, 2026. The nominal value per share will be reduced to 10 dirhams, while the total number of shares will rise to 118,646,760. The ticker MNG and the new ISIN MA0000012866 will stay unchanged, and the reference price will be adjusted by dividing the previous closing price by ten.
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On July 27, 2026, the Casablanca Stock Exchange (CSE) will carry out a 10‑for‑1 split of Managem’s shares, following the decision taken at the company’s extraordinary general meeting on June 25.
What the split means
- Nominal value: Each share’s nominal value will be reduced from 100 dirhams to 10 dirhams.
- Share count: The total number of Managem shares outstanding will increase to 118,646,760.
- Ticker & ISIN: The stock will keep its ticker MNG and will be assigned a new ISIN code: MA0000012866.
To implement the split, the CSE will also purge the existing order book for Managem and recalibrate its reference price. The new reference price will be calculated by dividing the last closing price of the pre‑split shares by ten, effective the day before the exchange date.
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