Dangote Cement Plc. RC 208767
Marble House
1, Alfred Rewane Road, Ikoyi, Lagos, Nigeria Tel: +234 1 450 643
Email: customercare@dangote.com
Website: www.dangotecement.com
Lagos, Nigeria
26 January 2022
SHARE BUY-BACK PROGRAMME BY DANGOTE CEMENT PLC - COMPLETION OF TRANCHE II
Dangote Cement Plc ("DCP" or the "Company") hereby announces the completion of the second tranche ("Tranche II") of its share buy-back programme which was announced on 12 January 2022. Relevant details of this Tranche II are set forth below:
Commencement Date: | Wednesday, 19 January 2022 | |||||||
Completion Date: | Thursday, 20 January 2022 | |||||||
Mode: | Open Market on | Nigerian Exchange | ||||||
Limited | ||||||||
Total | Number | of | Shares | 126,748,153 representing 0.74% of the | ||||
Company's issued | and fully paid | |||||||
Repurchased: | ||||||||
ordinary shares | ||||||||
Total Value of Shares Repurchased: | N | 35,095,387,044.59 | ||||||
Average Price: | N | 276.89 |
Following the conclusion of Tranche II, the total number of residuals issued and fully paid outstanding shares of DCP amounts to 16,873,559,251. The repurchased shares will be held as treasury shares and may subsequently be cancelled.
Execution of this Tranche II did not have any material impact on the Company's financial position.
For more information, please contact:
Temilade Aduroja
Head, Investor Relations
InvestorRelationsDangoteCement@dangote.com
Yours faithfully,
For: DANGOTE CEMENT PLC
Edward Imoedemhe
Deputy Company Secretary
Directors: Mr. Aliko Dangote, GCON (Chairman); Mr Michel Puchercos, GMD (French); Mr. Philip Mathew, DGMD (Indian); Mr. Olakunle Alake;
Mr. Abdu Dantata; Mr. Devakumar V.G. Edwin (Indian); Mr. Ernest Ebi, MFR; Mr. Emmanuel Ikazoboh; Mr. Douraid Zaghouani (French); Mrs. Dorothy Udeme Ufot, SAN; Mr. Viswanathan Shankar (Singaporean); Mrs. Cherie Blair, CBE QC (British); Sir Michael Davis (British); Ms. Berlina Moroole (South African)
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Dangote Cement plc published this content on 26 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 January 2022 09:55:02 UTC.