BUA Cement Lists 33.86 Billion Shares On NSE, Now Third Largest Listed Company - Business

BUA Cement Lists 33.86 Billion Shares On NSE, Now Third Largest Listed Company - Business - Nairaland

Nairaland Forum › Nairaland General › Business › BUA Cement Lists 33.86 Billion Shares On NSE, Now Third Largest Listed Company (14737 Views)

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BUA Cement Lists 33.86 Billion Shares On NSE, Now Third Largest Listed Company by Ravon(op): 11:39pm On Jan 09, 2020

West Africa’s second-largest Cement company, BUA Cement, today listed on the Nigerian Stock Exchange with a market capitalization of 1.2trillion Naira (USD3.3billion) bringing to a conclusion, the merger between the BUA-owned cement entities, Cement Company of Northern Nigeria and Obu Cement company.

This listing brings BUA Cement’s total capacity across all its cement assets to 8million MTPA with an additional 3million metric tonnes plant coming on stream in H2, 2020.

"Further to our Market Bulletin of 24 December 2019, with reference number: NSE/RD/LRD/MB74/19/12/24, wherein the market was notified of the suspension placed on the trading in the shares of CCNN following the Court’s Sanction of the Scheme of Merger (Scheme) between CCNN and OBUCement (now BUA Cement Plc), please be informed that the Scheme has been concluded.

Consequently, the entire 13,143,500,966 ordinary shares of CCNN was delisted from the Daily Official List of The Nigerian Stock Exchange (The Exchange) today, Thursday, 9 January 2020, while the entire 33,864,354,060ordinary shares of 50 kobo each of BUA Cement Plc (Formerly OBU Cement) were listed today, Thursday, 9 January 2020.

Please note that following The Exchange’s receipt of regulatory evidence of the change of name of OBUCement to BUA Cement Plc, the Company was listed as “BUA Cement Plc”. The trading Symbol is BUACEMENT."

Caption: L – R: Finn Arnoldsen, Group Chief Operating Officer (BUA Cement); Chimaobi Madukwe, Group Chief Operating Officer (BUA Group); Oscar Onyema, President, Nigeria Stock Exchange (NSE); Yusuf Binji, Managing Director, BUA Cement; Kabiru Rabiu, Group Executive Director, BUA Group; Ahmed Aliyu, Company Secretary, BUA Cement, O’tega Ogra, Group Head, Corporate Communications, BUA Group and Gbolahan Oluwasegun, Senior Manager, Corporate Finance, BUA Group at the 1.3trilliion Naira listing of BUA Cement on the NSE on Thursday.

https://brandspurng.com/2020/01/09/bua-cement-lists-33-86bn-shares-on-nse-becomes-third-largest-listed-company/

3 Likes 2 Shares

Re: BUA Cement Lists 33.86 Billion Shares On NSE, Now Third Largest Listed Company by Bazamfare: 11:46pm On Jan 09, 2020

Hausa/fulani Amaka

15 Likes 2 Shares

Re: BUA Cement Lists 33.86 Billion Shares On NSE, Now Third Largest Listed Company by Nickisindigo(m): 5:29am On Jan 10, 2020

cool

2 Likes

Re: BUA Cement Lists 33.86 Billion Shares On NSE, Now Third Largest Listed Company by AtikuNetwork: 5:30am On Jan 10, 2020

Seems this cement business is very lucrative o.

11 Likes 1 Share

Re: BUA Cement Lists 33.86 Billion Shares On NSE, Now Third Largest Listed Company by naptu2: 5:31am On Jan 10, 2020

Abdulsamad Isyaku Rabiu.

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Re: BUA Cement Lists 33.86 Billion Shares On NSE, Now Third Largest Listed Company by OneCorner: 5:32am On Jan 10, 2020

AtikuNetwork:
Seems this cement business is very lucrative o.

So u want to start hawking cement?

37 Likes 5 Shares

Re: BUA Cement Lists 33.86 Billion Shares On NSE, Now Third Largest Listed Company by franugo(m): 5:33am On Jan 10, 2020

Re: BUA Cement Lists 33.86 Billion Shares On NSE, Now Third Largest Listed Company by BarrSly: 5:34am On Jan 10, 2020

I’m still not buying their stocks

Re: BUA Cement Lists 33.86 Billion Shares On NSE, Now Third Largest Listed Company by AtikuNetwork: 5:35am On Jan 10, 2020*

OneCorner:
So u want to start hawking cement?

No. But I will probably make more money doing that than I would constituting a nuisance trolling people online the way you do. FYI, my comment was in relation to BUA's similarity to Dangote, being in the same cement line of business.

65 Likes 2 Shares

Re: BUA Cement Lists 33.86 Billion Shares On NSE, Now Third Largest Listed Company by OneCorner: 5:37am On Jan 10, 2020

AtikuNetwork:
No. But I will probably make more money doing that than I would constituting a nuisance trolling people online the way you do. FYI, my comment was in relation to BUA's similarity to Dangote.

1 Like 1 Share

Re: BUA Cement Lists 33.86 Billion Shares On NSE, Now Third Largest Listed Company by Dozie32(m): 5:37am On Jan 10, 2020

I tap from Dangote's blessing. God will keep on blessing you more and more Sir.

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Re: BUA Cement Lists 33.86 Billion Shares On NSE, Now Third Largest Listed Company by Powersurge: 5:40am On Jan 10, 2020

Dozie32:
I tap from Dangote's blessing. God will keep on blessing you more and more Sir.

Wetin you dey tap up and down? Are you palm wine tapper? You think success is by tapping up and down abi?

61 Likes 2 Shares

Re: BUA Cement Lists 33.86 Billion Shares On NSE, Now Third Largest Listed Company by fredoooooo: 5:45am On Jan 10, 2020

Good one .. Hope to improve on other areas too ..

God bless Nigeria.

1 Like

Re: BUA Cement Lists 33.86 Billion Shares On NSE, Now Third Largest Listed Company by Silva79(f): 5:45am On Jan 10, 2020

Y'all just reduce the price of cement period!

1 Like

Re: BUA Cement Lists 33.86 Billion Shares On NSE, Now Third Largest Listed Company by wethebest(m): 5:49am On Jan 10, 2020

Nice

1 Like

Re: BUA Cement Lists 33.86 Billion Shares On NSE, Now Third Largest Listed Company by anonimi: 5:50am On Jan 10, 2020

Ravon:
Caption: L – R: Finn Arnoldsen, Group Chief Operating Officer (BUA Cement); Chimaobi Madukwe, Group Chief Operating Officer (BUA Group); Oscar Onyema, President, Nigeria Stock Exchange (NSE); Yusuf Binji, Managing Director, BUA Cement; Kabiru Rabiu, Group Executive Director, BUA Group; Ahmed Aliyu, Company Secretary, BUA Cement, O’tega Ogra, Group Head, Corporate Communications, BUA Group and Gbolahan Oluwasegun, Senior Manager, Corporate Finance, BUA Group

Why did the owners of Naijeriya not use quota system and federal character to fill these key positions?

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