₦airaland Forum

Bianco1:
Just received in my email: Did anyone get this please, as I believe this should be public.
@Intendy it says scan copy acceptable....please reconfirm this info with your contacts especially for those not in town. Thanks.

Sent: Monday, November 27, 2017
Subject: LAFARGE AFRICA PLC RIGHTS ISSUE OF 3,097,653,023 ORDINARY SHARES OF 50 KOBO EACH AT N42.50 PER SHARE

Dear Investor,

Please be informed that Lafarge Africa Plc is issuing 3,097,653,023 ordinary shares of 50 kobo each to existing shareholders at an offer price of ₦42.50 per share to raise ₦131.65billion in a bid to expand its operations, boost its working capital and refinance a portion of its foreign currency denominated shareholder loans by way of a debt-to-equity conversion.

The Rights Issue is available to shareholders on the basis of 5 (Five) new ordinary shares for every 9 (Nine) ordinary shares held as at the close of business on November 01, 2017. The offer period opened on November 24, 2017 and closes on December 15, 2017.

Cardinalstone Registrars are also Receiving Agent in respect of the offer. You can make your payment via the account stated below:

Please find below bank details for payment.

ACCOUNT NAME BANK NAME ACCOUNT NO. MCASH CODE
CSRL/LAFARGE RIGHT ISSUE ACCOUNT FCMB 0137270766 *402*32922194*AMOUNT#

Also find attached Provisional Offer Form (Page 57 & 58). You can download the form attached, complete it (Pages 57 & 58), and scan back to us, or physically submit to our office at Cardinalstone Registrars Limited, FCMB Building, 85 Aba Road, By Garrison Bus Stop, Port Harcourt.

Closing date: December 15, 2017.

Thank you.

Bianco1:
Thank you @Intendy! Do you know if they will accept scan copies, also can one's broker make the payment from the brokerage account? Cheers Bro!

ukay2:
My broker is very far from me.....

BullBearMkt:
...for security reasons, I will advise all not to log onto Morgan trading platform on the regular computer system normally use. Take messages coming from your browser seriously as your credit card, internet banking details, email details etc maybe stolen. Not sure Morgan is sincere with what is happening, someone/ group might have hacked into their system.

Zhirinovsky:
please my ogas, has glaxosmith released their Q3 result?

cc Intendy and ALL

valentinenwoko:
Pls link to show court throws out oando case against sec Nigeria

Mpeace:
Court throws out Oando's case against SEC. Breeze go soon blow, make we see chicken...

NoMoney:
At least the expectations are very clear the board/management expects the share price to increase and has no intention in crashing the share price. They intend to raise the funds at a better valuation than the current market valuation.

NoMoney:
Please argue constructively and with figures. I find wise cracks about going to the village lame.

I did not value the company at N2.5billion the market values it at N2.5billion (1.8billion shares * N1.30k per share)

Its share holder's funds is around N8billion which is closer to its intrinsic value.

At PAT of N1billion it has a PE ratio of 2.5 which is fantastic in any market very few shares beat that in any market and if you find such jump on them especially if you expect the profits to continue to increase into the future.

Total number of shares at the moment is 1.8 billion shares which will be reduced to 400m shares via reconstruction

After reconstruction, the company will sell 2.6billion share to raise N25billion naira and will now have 3billion shares at about N10 each giving a total market capitalization of about N30billion

To sell rights at N10 the market price might have to get to N12 (which is N3 pre construction)

I never said they are selling 25billion shares at N3, where did you get that from?

OBAGADAFFI:
We have discussed Veritas problem here alot.

They are owning me Dangote Sugar and Zenith dividends, even after I have received NIBSS alerts that my E-dividend mandate has been approved.

Veritas is a worse registras compared to FBN.

They don't pick call nor reply email.

I just hope SEC is monitoring this.

locodemy:
Chai....see the time oga intendy is doing his work for us. sir,do you have any wound?