The Board of Directors of Lafarge Africa Plc will be meeting on Tuesday, September 26 to consider the terms of its rights issue in an extra ordinary board meeting.
The cement producing firm in a notice filed with the Nigerian Stock Exchange (NSE) on Friday, also said it had commenced a closed period which started on Wednesday, September 20, 2017.

The notice signed by Mrs Edith Onwuchekwa, the Company Secretary and Legal Director for Lafarge noted that the closed period will end on Wednesday, September 27, 2017.

“In compliance with Rules 17.17 (b) (3) and 17.18 (b), this is to formally notify you that Lafarge Africa Plc’s closed period commenced September 20, 2017, and will end on September 27, 2017.

“Members of the board have equally been notified of the close period,” the statement said..

It will be recalled that shareholders of Lafarge Africa had approved the N140 billion rights issue during the company’s annual general Meeting (AGM) in June.

The company said the proposed rights issue would strengthen the capital structure of the company by reducing its foreign currency exposure and optimising Lafarge Africa’s organisation.

According to the company’s Chairman, Mobolaji Balogun,the rights issue will take place at the beginning of third-quarter and is expected to be finalised by October at the latest.

SOURCE: https://brandspurng.com/lafarge-to-deliberate-terms-of-n140bn-right-issue/

Watch out for Dangote

This is a trend now.

The company still exists?

Must everything be news?

hmmm

in english please

How does a right issue concern us now? It is not even an IPO

Ayo4251:
The company still exists?

They are quietly growing stronger.

ok

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rodeo0070:
Watch out for Dangote

Dangote is currently the market leader in Africa. When Lafarge was busy repatriating funds and profits to Europe, Dangote was reinvesting, acquiring and building his capacity in the cement industry all over Africa.

Lafarge woke up late and now trying to catch up with Dangote.

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Whao! This is a good platform for young people to secure their future by taking advantage of this opportunity. Larfarge is a blue chip company and market leader in the cement industry. It embarked on a spree of acquisition two years ago to consolidate its leadership position and grow its market share. So, my advise to smart young ones is to invest their money in the company instead of spending money on frivolities; clubbing, girls, dresses, aso-ebi, gadgets and so on. One good thing about the company is that its share price is currently undervalued and after a while is expected to return to its true value.

Don't eat your future, invest now!

P.S. I am a financial expert and willing to assist interested people on any questions or clarifications they may require.

emmanuelewumi:



Dangote is currently the market leader in Africa. When Lafarge was busy repatriating funds and profits to Europe, Dangote was reinvesting, acquiring and building his capacity in the cement industry all over Africa.

Lafarge woke up late and now trying to catch up with Dangote.

SPOT ON!

Lafarge is yet to even wake up. When you travel from Lagos to the East, you can only count a very few Lafarge trucks while Dangote Trucks is almost at every spot.

Coolcash1:
Whao! This is a good platform for young people to secure their future by taking advantage of this opportunity. Larfarge is a blue chip company and market leader in the cement industry. It embarked on a spree of acquisition two years ago to consolidate its leadership position and grow its market share. So, my advise to smart young ones is to invest their money in the company instead of spending money on frivolities; clubbing, girls, dresses, aso-ebi, gadgets and so on. One good thing about the company is that its share price is currently undervalued and after a while is expected to return to its true value.

Don't eat your future, invest now!

P.S. I am a financial expert and willing to assist interested people on any questions or clarifications they may require.

I am taking my right and will also buy additional rights, may terminate some of my TB prematurely in order to enjoy the forthcoming bumper harvest in Lafarge.

rodeo0070:


SPOT ON!

Lafarge is yet to even wake up. When you travel from Lagos to the East, you can only count a very few Lafarge trucks while Dangote Trucks is almost at every spot.

Hate him or love him, Dangote is a phenomenal businessman.

Getting a dividend of N180 billion in a year from just one company no be beans

emmanuelewumi:


I am taking my right and will also buy additional rights, may terminate some of my TB prematurely in order to enjoy the forthcoming bumper harvest in Lafarge.

Samehere Emma.

Taking up one's rights and buying more if possible is the wisest thing to do.