We refer to previous correspondence on the above subject and write to inform that further to an application submitted to the Securities & Exchange Commission (‘’SEC’’) on behalf of Lafarge Africa Plc (‘’Lafarge Africa’’ or ‘’the Company’’), SEC - by a letter dated May 27, 2016 confirmed the registration of the Company’s N100,000,000,000 Bond Issuance Programme and the clearance of the draft documents submitted in respect of the Series I and Series II Bond Issuances. The SEC also confirmed the commencement of the Book Build.
The Company is in the process of finalizing the issuance of the Series I and Series II Bonds, following which the transaction documents will be updated and submitted for clearance by the SEC. The Signing Ceremony will hold once the SEC ‘No Objection’ is obtained.
Additional information will be provided once the allotment of the Series I and Series II Bonds is finalized.