Monday, March 11, 2019 09:18AM / NSE
Lafarge Africa PLC (“Lafarge Africa” or “the Company”) Rights Issue of
7,434,367,256 ordinary Shares of 50 Kobo each on the basis of Six (6) ordinary
shares for every Seven (7) ordinary shares held as at December 4, 2018 at
N12.00 per share on which opened on December 17, 2018 and closed on January 28,
2019, a total of 1,826 acceptances for 7,434,367,256 units valued at
N89,212,407,072 were received in connection with the Rights Issue.
summary of the Rights Issue is outlined below:
respect to the Rights Circular dated December 10, 2018, a total of 1,826
applications for 7,434,367,256 ordinary shares were accepted in connection with
the Rights Issue
Acceptance Forms for 7,434,367,256 units of the Rights received were found to
be valid under the terms of the Rights and were processed accordingly. The
Rights Issue was therefore 100% subscribed.
shareholders accepted their Rights in full totaling 5,931,501,457 ordinary
shares, out of which 738,731,071 ordinary shares were traded on the floor
of the Nigerian Stock Exchange
shareholders with a provisional allotment of 395,875,060 ordinary shares
partially accepted their Rights for 202,401,994 ordinary shares. Thus the
balance of 193,473,066 ordinary shares were renounced.
subscribers purchased Rights of 738,731,071 Ordinary Shares on the floor
of the Nigerian Stock Exchange.
the 1,734 shareholders who took up their Rights in full, 734 shareholders
also applied for additional 1,300,463,805 ordinary shares and were
allotted in full from the renounced Rights.
total of 1,106,990,739 ordinary shares were fully renounced bringing the
total number of shares renounced to 1,300,463,805 ordinary shares.
above stated basis of allotment, as well as this announcement has been cleared
by the Securities & Exchange Commission.
Registrars to the Offer, CardinalStone Registrars Limited of 358 Herbert
Macaulay Road, Lagos, will credit the shares allotted to the CSCS accounts of
applicants who have indicated their CSCS account numbers on their respective
application forms with the shares allotted not later than March 19, 2019.
monies due to subscribers will be returned within five (5) working days of
approval of allotment of securities in accordance with the rules and
regulations of the Commission.
Board of Directors Approve Rights Issue Allotment Proposal For SEC Clearance
Records 0.40% YTD Gains as Right Issue Closes
Plc Extends Rights Issue Closure Date To Monday January 28, 2019
Plc 2018-19 Rights Issue – Trading Below Its Rights Issue Price By 5.42%
2018 Rights Issue - To Accept or Renounce?
Plc Holds Emergency Board Meeting to Consider The Rights Issue Price
Plc Issues Explanatory Note on Q3 2018 Results Modifications
5 Key Takeaways
- Lafarge Africa Plc Q3 2018 Conference Call and Earnings Presentation
Q3 2018 Results - Revenue Grows By 4.8% To N234.3bn (SP:N21.00k)
Plc Holds Emergency Board Meeting; Notifies of Closed Period
Loan Restructuring - Silver Lining Or Same Old Story
Plc to Hold Extra-Ordinary General Meeting on Sep 25 2018
Plc Series 7 Commercial Paper Closes Today
Plc Series 7 Commercial Paper Now Open
Lafarge’s H1 2018 Results
Lafarge Africa PLC - H1 Fails to
Flatter, Rights Issue to Provide Reprieve