Dangote Cement seeks shareholders’ approval for “Share buy Back” - Basic Storylines

How to Seduce Straight Guys

Dangote Group, Flour Mills get 60,000 hectares to set up industries in NasarawaBy Peter Egwuatu

Dangote Cement Plc has commenced steps to buy back its shares in a bid to improve return on equity and shareholder value.

Lagos assembly indicts Dangote trucks over damaging of roads

In a notification to the Nigerian Stock Exchange (NSE) yesterday Dangote Cement said it would convene an extra-ordinary general meeting (EGM) of shareholders for January 22, 2020, to amend its Articles of Association to enable it undertake a share buy-back of up to 10 percent of its issued shares on such terms, and conditions and at such times as the board of directors deems fit.

According to the company, “The relevant shares will be repurchased out of the profits of the company and any such number of shares bought under the programme is required to be cancelled in accordance with the Securities and Exchange Commission (SEC) rules and the NSE rule book which will consequently lead to a reduction in issued share capital.”

Chairman of the company, Alhaji Aliko Dangote, said the shareholders and staff are the bedrock of the company and expressed optimism on the prospects of the company.

Equity market gains 0.6% as Dangote Cement, Access Bank, UBA surge

According to him, the company will be effectively operating in a minimum of 18 African countries, while it would soon increase the capacity of its Obajana Plant to 16 million metric tons, making it one of the biggest cement plant in the world.

Vanguard

The post Dangote Cement seeks shareholders’ approval for “Share buy Back” appeared first on Vanguard News.

Comments

Post a Comment

Popular posts from this blog

GRAPHICS: Combined police operatives kill Gulak’s killer, Imo CP says - Basic Storylines

Image
How to Seduce Straight Guys Imo State Commissioner of Police, Abutu Yaro, has revealed that combined operatives of the command’s Tactical Units, Intelligence Response Team, and Police Mobile Force have sucessfully killed killers of a former Presidential aide, Ahmed Gulak. It was widely reported that Gulak was on Sunday morning killed in Imo State while on his way to Sam Mbakwe International Cargo Airport, Owerri. Police Spokesperson in Imo, Bala Elkana, in a statement on behalf of the CP, explained that “riffles, pistol, and ammunition were recovered from the slain suspects. Elkana also revealed that the vehicles the slain hoodlums used in killing the former Presidential aide were recovered by the command. “On 30th May, 2021 following distress received by the Command on the gruesome murder of Ahmed Gulak, Police Special Forces made up of Intelligence Response Team, Police Mobile Force (PMF) and Tactical Units from the command were deployed to the scene at Obiangwu Junction ...
Read more

Executive capitalism, the path to Nigeria’s prosperity - Basic Storylines

Image
How to Seduce Straight Guys   A map of Nigeria By Dr Omaghomi Ofioritse   Global competition for the earth’s scarce resources gets increasingly frenetic,with each passing day. This continuous struggle between available resources and yearning global needs, has resulted in a new approach to governance, that better guarantees continuous prosperity. We shall call this style of governance, executive capitalism, which is partly a win win symbiotic arrangement, where private capitalist companies are in close relationship with the Chief Executives / governments of their respective countries. The companies get unlimited government money, intelligence, and patronage; resulting in bigger, more profitable companies that are better able to employ more of the country’s nationals. The companies are also better able to pay proportionately larger taxes to the government. The resultant more buoyant governments are in turn more equipped to assist new sets of private companies, the ...
Read more

What Sam Momah said about Nigeria before he died Wednesday - Basic Storylines

Image
How to Seduce Straight Guys Major General Sam Momah By Dirisu Yakubu At the presentation of what turned out to be his last book on July 6, 2020, former Minister of Science and Technology, Major General Sam Momah (retd) left some food for thought in the consciousness of journalists, guests and dignitaries at the event. The book (his twelfth) “Why We Must Restructure Now,” is arguably the most authoritative piece of literature on the subject matter till date. Away from the mere verbal tribute to restructuring, General Momah in the book he sub-titled “Nigerian Green Book,” dealt extensively with the mileage of the subject and allayed fears of those who see it as synonymous with resource control. Momah died in Abuja on Wednesday afternoon after long battle with diabetes. Here are some of the things he said at historic event.   “ Restructuring is not resource control. It is instead a globally agreed win-win strategy of replacing fossil energy with renewable energy in order to c...
Read more