On 17:38 GMT, Monday 2 November 2009
RNS Number : 8111B
Banque Marocaine Du Commerce Exteri
02 November 2009
A
NEW
STOCK
OFFERING
RESERVED FOR
BMCE BANK
GROUPS' EMPLOYEES
As part of the celebration of the Fiftieth Anniversary
of
La
Banque Marocaine du Commerce Extérieur
, the Board of BMCE Bank
,
met
on
September 24, 2009
,
decided
at the initiative of
Chairman
Othman
Benjelloun
a
n
increase of
capital
of
BMCE Bank
that is
exclusively
reserved for
BMCE Bank
Group
s'
employees.
After two
stock ownership
employee
programs
launched
in
2003 and
2005,
unprecedented
in terms of
structuring and capital gains
realized
by the employees,
the Group continue
s the motivation
policy
of its
staff members
, through
reinforcing
the employees
' shareholding
in the capital of their
company and
sharing
the fruits
of its growth both in Morocco
and abroad.
This
capital increase
by cash subscription, which is
exclusively
re
served for
the employees of
the Bank
,
of
Specialized Financial
Subsidiaries
and
of
FinanceCom
Holding
,
wish
ing
to acquire
these
new
shares
,
represents about
3
% of
share
capital
.
The issue price
of shares
,
depending on
market
conditions
,
is based
on the average share price during 2009.
BMCE Bank
Group employees may exerc
ise their subscription rights,
after
the
Extraordinary General M
ee
ting
to be called
in the c
oming weeks
, and
after
notification
of the
Regulatory
and C
oncerned
A
uthorities.
BMCE Bank
Investor Relations Department
Tel: +212-5-22-49-80-03/15
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