Dangote Cement Plc Completes Tranche 1 of Its Share Buy Back Programme

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Monday, January 11, 2021 / 09:14 AM / by NSE / Header Image Credit: Bloomberg


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Dangote Cement Plc ("DCP" or the "Company") hereby announces the completion of the first tranche ("Tranche I") of its share buy-back programme (the "Share Buy-Back Programme") which was announced on 21 December, 2020. Relevant details of this Tranche I are set forth below:

 

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Following the conclusion of Tranche I, the total number of residual issued and fully paid outstanding shares of DCP amounts to 17,000,307,404. Execution of this Tranche I did not have any material impact on the Company's financial position.

 

The Company will continue to monitor the evolving business environment and market conditions, in making decisions on further tranches of the Share Buy-Back Programme.

 

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