Dangote Cement completes share buyback first tranche with 40.20m shares

Dangote Cement Q4 2020 Results

Dangote Cement completes share buyback first tranche with 40.20m shares   Dangote Cement Plc has announced the completion of the first tranche of its share buyback programme. According to a statement by the Deputy Company Secretary, Edward Imoedemhe, the commencement date was December 30, 2020 while completion date was December 31, 2020. Total number of shares repurchased was 40.20 million at an average price of N243 per share, representing 0.24 per cent of the company’s issued and fully paid ordinary shares while total value of shares repurchased was N9.77 billion.…

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Dangote Cement commences share buyback with 85.203m shares

Dangote Cement Q4 2020 Results

Dangote Cement commences share buyback with 85.203m shares Limits repurchase to 10% of issued capital Cautions investors in dealing with its shares Dangote Cement Plc (Dangote Cement or DCP) has announced the commencement of the Tranche I of its long-awaited share buyback programme. The most capitalized securities at the Nigerian Stock Company disclosed this through a filling at the bourse on Monday, giving details of the programme. Stock buybacks refer to the repurchasing of shares of stock by the company that issued them. A buyback occurs when the issuing company pays shareholders the market value per share and re-absorbs…

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