Dangote Cement Plc Renews Its Share Buyback Programme

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Thursday, May 27, 2021 / 06:19 PM / By NGX / Header Image Credit: Dangote Group


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This is to announce that the Annual General Meeting (AGM) of Dangote Cement Plc. was held on 26th May 2021, at Eko Hotel and Suites, Victoria Island, Lagos. At the AGM, the shareholders passed a special resolution renewing the Share Buyback Programme, on such terms and conditions and within such timelines as the Board of Directors may determine, subject to obtaining requisite regulatory approvals.

 

Dangote Cement Plc. had established this Programme pursuant to a resolution of the Company on January 22, 2020, for the repurchase of up to 10% of its total issued shares from the shareholders.

 

However, the COVID-19 pandemic had made it challenging to fully implement the Programme as planned. With the stabilization of the stock market and improvement in economic conditions, the Board of Directors consequently decided that it is in the best interest of the Company to undertake further tranches of the Programme.

 

One Year Share Price Movement

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Proshare Nigeria Pvt. Ltd.

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