January 26, 2021
Lagos, Nigeria
SHARE BUY-BACK PROGRAMME BY DANGOTE CEMENT PLC – COMPLETION OF TRANCHE II
Dangote Cement Plc (“DCP” or the “Company”) hereby announces the completion of the second tranche (“Tranche II”) of its share buy-back programme which was announced on 12 January 2022. Relevant details of this Tranche II are set forth below:
| Commencement Date: | Wednesday, 19 January 2022 |
|---|---|
| Completion Date: | Thursday, 20 January 2022 |
| Mode: | Open Market on Nigerian Exchange Limited |
| Total Number of Shares Repurchased: | 126,748,153 representing 0.74% of the Company’s issued and fully paid ordinary shares |
| Total Value of Shares Repurchased: | N35,095,387,044.59 |
| Average Price: | N276.89 |
Following the conclusion of Tranche II, the total number of residuals issued and fully paid outstanding shares of DCP amounts to 16,873,559,251. The repurchased shares will be held as treasury shares and may subsequently be cancelled.
Execution of this Tranche II did not have any material impact on the Company’s financial position.
For more information, please contact:
Temilade Aduroja
Head, Investor Relations
InvestorRelationsDangoteCement@dangote.com
For: DANGOTE CEMENT PLC
Edward Imoedemhe
Deputy Company Secretary