85,261,220 Ordinary Shares of Lafarge Africa Plc were listed on the Daily Official List of the Nigerian Stock Exchange on Wednesday, November 22, 2017. The shares listed were issued to shareholders of AshakaCem Plc in exchange for their shares in AshakaCem pursuant to a scheme of arrangement for capital re-organisation between AshakaCem and holders of its fully paid ordinary shares of 50k each dated 26 September 2017. With this additional listing of 85,261,220 ordinary shares, the total issued and fully paid up shares of Large Africa Plc has now increased from 5,490,513,997 to 5,575,775,217 ordinary shares.
Lafarge Africa, in a notice to the Nigerian Stock Exchange (NSE) also announced the opening of its right issue of 3,097,653,023 ordinary shares of 50 Kobo each at the offer price of N42.50 per share on the basis of five (5) new ordinary shares for every nine (9) ordinary shares held as at 01 November 2017 .
Acceptance list for the rights issue opened on Friday 24th November 2017 and closes on Friday 15th December 2017. Trading in the rights issue will however commence on Monday the 27th of November 2017.
Lafarge Africa shares closed at N50 in yesterday’s NSE trading session, up 22.1% year to date.
