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Cosumar seeks shareholder green light for a DH120 million share repurchase programme

Cosumar will ask its shareholders to approve a share buy‑back of up to 434,782 shares (0.46 % of capital) worth DH 120 million, together with a liquidity‑contract covering 86,956 shares. The programme is slated to run from 20 July 2026 to 20 January 2028, with a price band of DH 150‑276 per share. The same general meeting will also propose a regular dividend of DH 9 per share and an exceptional dividend of DH 1 per share.

May 22nd, 2026
1 min read
By boursenews.ma

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Share buyback proposal

Cosumar will put to a vote at its ordinary general meeting scheduled for 22 June 2026 in Casablanca a resolution authorising a share repurchase programme together with a liquidity‑contract arrangement.

Key parameters of the programme

  • Maximum of 434,782 shares, equivalent to 0.46 % of the issued capital.
  • Maximum total amount: DH 120 million, liquidity contract included.
  • Financing: entirely from the company’s cash reserves.
  • Buy‑back window: from 20 July 2026 to 20 January 2028 (up to 18 months).
  • Unit price range: DH 150 – DH 276 per share.

Liquidity contract

  • Scope: up to 86,956 shares (0.09 % of capital), representing 20 % of the overall buyback programme.
  • Maximum commitment: DH 24 million.
  • Same price limits and timetable as the main repurchase programme.

Dividend distribution

The same AGM will also decide on the allocation of results, proposing a regular dividend of DH 9 per share and an exceptional dividend of DH 1 per share.

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