Ordinary General Meeting June the 24th 2020

The shareholders of the company SNEP, met in Ordinary General Meeting on June 24, 2020, at 10 am, at the headquarters of the SNEP, located in Casablanca, 233 Boulevard Mohamed V, under the chairmanship of Mrs. Mama TAJMOUATI, Chairman of the Board of administration.

The General Meeting, after having heard the reading of the management report of the board of directors and the reports of the statutory auditors, approved resolutions n ° 1 2,4,5,6,7 proposed by the board of directors , as published in the newspapers “l'Economiste” N ° 5767, and “Les Inspirations Eco” N ° 2619, and reviewed the third resolution relating to the allocation of results.

On this subject and in view of the exceptional context linked to the pandemic, the reference shareholders have proposed, as a precaution, not to distribute a dividend this year and to allocate the whole of the result for the financial year 2019 to the retained earnings.