Investors Bite

Merger: CCNN and Obu Cement Now BUACEMENT

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L – R shows Bola Adeeko, Head, Shared Services Division, The Nigerian Stock Exchange (NSE); Dalu Ajene, Deputy Chief Executive Officer (DCEO), Rand Merchant Bank; Finn Arnoldsen, Chief Operating Officer (COO), BUA Cement Plc; Chimaobi Madukwe, COO, BUA Group; Oscar N. Onyema, OON, Chief Executive Officer (CEO), NSE; Yusuf Haliru Binji, Managing Director/CEO, BUA Cement Plc; Kabiru Rabiu, Group Executive Director, BUA Group; Ahmed Aliyu, Company Secretary, BUA Cement Plc; Otega Ogra, Group Head, Corporate Communications, BUA Group; Gbolahan Oluwasegun, Corporate Finance, BUA Group; and Olumide Bolumole, Head, Listings Business Division, NSE at the closing gong ceremony to commemorate the listing of BUA Cement Plc on The Exchange in Lagos on Thursday, 9 January 2020.

January 9, 2020/NSE

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 33,864,354,060 ordinary 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.

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