Cement giant Lafarge Africa Plc has opened its ₦89.2 billion rights issue. The firm disclosed this, in a notice sent to the Nigerian Stock Exchange (NSE).
The offer opened on Monday 17th December 2018 and will close on Wednesday 23rd January 2019.
Lafarge Africa will be issuing 6 new shares for every 7 shares held by shareholders as at 4th December 2018 which is the qualification Date. A total of 7,434,367,256 shares will thus be issued at ₦12 per share.