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T2S Group Holding Sets Final Timeline for Director-Led Capital Increase Worth 142.5 Million Dirhams
T2S Group Holding has finalized the schedule for its reserved capital increase of 142.53 MDH, exclusively allocated to director Abderraouf Sordo. The subscription window opens on September 30 and closes on October 2, with new shares admitted to trading on October 12 at a 20% discount to the IPO price.
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T2S Group Holding has officially released the detailed timeline for its reserved capital increase operation totaling 142.53 million dirhams. The Bourse de Casablanca published the notice on September 23, confirming the subscription period from September 30 to October 2 at 15:30.
Key Transaction Details
- Shares issued: 798,944 new shares
- Unit price: 178.40 DH (a 20% discount from the 223 DH IPO price)
- Total amount: 142.53 MDH, including issuance premium
- Payment method: Cash
- Beneficiary: Abderraouf Sordo, in his capacity as company executive
Timeline
- Subscription: September 30 – October 2
- Final settlement: October 7
- Admission & results: October 12
- Delivery: October 15
The operation suppresses the preemptive subscription right for existing shareholders, channeling the entire allocation to the designated beneficiary. The newly issued shares will be assimilated to existing shares and traded on the same listing line.