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    BUACEMENT   NGBUACEMENT3

BUA CEMENT PLC

(BUACEMENT)
  Report
End-of-day quote Nigerian Stock Exchange  -  2022-09-22
47.85 NGN   -4.49%
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BUA CEMENT : OUTCOME OF ANNUAL GENERAL MEETING

07/25/2022 | 10:45am EDT

Lagos, 25th July 2022

RESOLUTIONS PASSED AT THE ANNUAL GENERAL MEETING OF BUA CEMENT PLC HELD ON THE 21ST JULY 2022

This is to inform NGX Regulation Limited and the investing public that at the 6th Annual General Meeting of BUA Cement PLC (BUA Cement or the Company) held on Thursday, 21st July, 2022, at Transcorp Hilton Hotel, No 1, Aguiyi Ironsi Street, Maitama Abuja the following resolutions were duly passed:

  1. That the Audited Financial Statements of the Company for the year ended December 31st, 2021 together with the Reports of the Directors, Auditors and Audit Committee thereon be received.
  2. That a dividend of 2.60 kobo per share in respect of the period ended December 31, 2021 is hereby approved.
  3. That the following Directors are hereby re-elected as Non-Executive Directors:
    • Chimaobi Madukwe
    • Kabiru Rabiu
    • Jacques Piekarski
  4. That the Directors be authorized to fix the remuneration of the Auditors.
  5. The remuneration of the Managers of the Company was disclosed to members at the meeting.

6. That Mr. Ajibola Ajayi, Mr. Kabiru Tambari and Mr. Oderinde Taiwo are hereby elected as the representatives of the Shareholders on the Statutory Audit Committee of the Company for the 2022 Financial year. While Kabiru Rabiu and Shehu Abubakar are the Board representatives on the Audit Committee for the 2022 Financial year.

7. That the remuneration of Non-Executive Directors for the year ending December 31, 2022 is hereby approved.

Hauwa Satomi

Deputy Company Secretary

Disclaimer

BUA Cement plc published this content on 25 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 July 2022 14:44:02 UTC.


© Publicnow 2022
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Financials
Sales 2022 334 B 775 M 775 M
Net income 2022 108 B 250 M 250 M
Net cash 2022 736 M 1,71 M 1,71 M
P/E ratio 2022 15,1x
Yield 2022 4,81%
Capitalization 1 620 B 3 765 M 3 765 M
EV / Sales 2022 4,86x
EV / Sales 2023 4,30x
Nbr of Employees 1 091
Free-Float 58,0%
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus SELL
Number of Analysts 3
Last Close Price 47,85 NGN
Average target price 43,91 NGN
Spread / Average Target -8,23%
EPS Revisions
Managers and Directors
Yusuf Haliru Binji Chief Executive Officer, MD & Director
Jacques Piekarski Chief Financial Officer & Executive Director
Chikezie Ajaero Finance Director
Abdul-Samad Isyaku Rabiu Chairman
Khairat AbdulRazaq-Gwadabe Independent Non-Executive Director
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