FRI, JULY 21 2023-theGBJournal |Dangote Cement Plc Thursday announced the completion of the first tranche (“Tranche I”) of its share buy-back programme which was announced on 7 July, 2023.
Following the conclusion of Tranche I, the total number of issued and fully paid outstanding shares of DCP amounts to 16,752,154,537.
Also, total Number of Shares Repurchased amounts to 121,404,714 representing 0.71% of the Company’s issued and fully paid ordinary shares.
This represents N41,155,703,818.10 in value, at an average price of N339.
”The repurchased shares will be held as treasury shares and may subsequently be cancelled,” the Company noted a statement, adding that the ”execution of this Tranche I did not have any material impact on the Company’s financial position.”
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