December 30, 2019/InvestmentOne Update
Dangote Cement Plc. has scheduled an Extraordinary General Meeting (EGM) for 22nd January 2020 to deliberate a number of issues, particularly plans by the company to buyback up to 10% of its share capital.
The schedule below reveals details of the buyback plan:
| OFFER SIZE | 1.704bn Ordinary shares |
| ISSUED SHARES | 17.040bn |
| TIMING | 12 Months |
| PRICING | 5% above average market price |
| Mode | Open Market/ Self- Tender |
