Dangote Cement Proposes Share Buyback

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The Board of Directors of Dangote Cement Plc announced on Tuesday that, subject to obtaining detailed advice and regulatory approvals, it will recommend to its shareholders for consideration, a proposal to consolidate its share capital, as well as a share buyback program. Details of these actions are yet to be finalized and will be communicated at a later date.

In this regard, shareholders and potential investors are advised to exercise caution when dealing in the Company’s shares until a further announcement is made.

Please click this link to view the letter sent to the NSE.

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