Industry

Lafarge Africa Prices Rights Issue at N12.00 Per Share

Lafarge Africa Prices Rights Issue at N12.00 Per Share

 

Lafarge Africa Plc (“Lafarge Africa”) hereby notifies The Nigerian Stock Exchange of the clearance by The Securities and Exchange Commission (SEC) to open its announced N89.2 billion Rights Issue.

The offer opens on Monday 17th December, 2018 and will close on Wednesday 23rd January, 2019.

Lafarge Africa will raise N89.2 billion by way of a Rights Issue of 7,434,367,256 shares at N12.00 per share, by issuing 6 new shares for every 7 shares held by shareholders as at 4th December, 2018 which is the Qualification Date.

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