CGI : The CDVM approves the information memorandum concerning the Public Withdrawal Offer (PWO)

On 4 June 2015 the CDVM approved the prospectus regarding the mandatory PWO for CGI shares on the initiative of CDG Développement.

As a reminder, this operation to delist CGI trading on the Casablanca stock exchange was approved by the board of CGI on 22 October 2014 after consideration of the request from the Minister of the Economy and Finance. Accordingly, the same day the board of CDG Développement decided to launch a Public Withdrawal Offer (PWO) regarding all CGI shareholdings not held by CDG Développement and by CDG.

Reminder of the main features of the aforementioned public offering :

  • Maximum number of listed shares: 3,386,095 shares.
  • Offer price : 725 MAD per share.
  • Maximum transaction amount : 2,454,918,875 MAD
  • Offer period : from 15 June to 7 July 2015 inclusive.
  • Date of settlement/delivery : 24 July 2015.

An extract from the prospectus was published on 9 June 2015 in a journal of legal announcements. The prospectus approved by the CDVM can be seen on the websites of CDVM and the Casablanca stock exchange.