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Cosumar Secures AMMC Green Light for Share Buyback Program – Up to 0.46% of Capital
The Moroccan Capital Market Authority (AMMC) has formally approved Cosumar’s share‑buyback plan, authorising the company to repurchase up to 434,782 shares – roughly 0.46 % of its issued capital – at prices between MAD 150 and MAD 276 per share. The programme runs from July 20, 2026 to January 20, 2028 and will be put to a vote at the ordinary shareholders’ meeting on June 22, 2026.
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AMMC Gives the Green Light
The Moroccan Capital Market Authority (AMMC) issued its official visa (reference VI/EM/014/2026) on June 5, 2026, confirming the details of Cosumar’s share‑repurchase programme.
Key Parameters of the Buyback
- Maximum shares: 434,782 (about 0.46 % of total equity)
- Price range: MAD 150 – MAD 276 per share
- Program window: 20 July 2026 – 20 January 2028
Shareholder Approval Required
The plan will be subject to approval by shareholders at the ordinary general meeting scheduled for June 22, 2026.
Publication of the Notice
AMMC notes that a summary of the information notice will appear in a legal‑announcements newspaper and on Cosumar’s website. The full notice will be accessible at Cosumar’s headquarters, the Casablanca Stock Exchange portal, and the AMMC website.
About Cosumar and AMMC
Cosumar is a leading player in Morocco’s sugar industry, listed on the Casablanca Stock Exchange. The AMMC is the regulator that oversees securities, investment funds, and market participants in Morocco.
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