Wednesday, March 27, 2019 6:21PM / NSE
An additional 7,434,367,256 ordinary shares of Lafarge Africa Plc (Lafarge) were listed on the Daily Official List of The Nigerian Stock Exchange on 26 March 2019.
The additional shares listed arose from Lafarge’s Rights Issue of 7,434,367,256 ordinary shares of 50kobo each at #12 per share on the basis of 6 new ordinary shares for every 7 ordinary shares held as at 4 December 2018. The Rights Issue was 100% successful.
With this listing of the additional 7,434,367,256 ordinary shares, the total issued and fully paid up shares of Lafarge has now increased from 8,673,428,240 to 16,107,795,496 ordinary shares.
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Graph 1: Lafarge Africa Plc – One Year Share Price Movement
Table: Q3 2018 Results