Lafarge Africa (WAPCO) Plc Rights Issue of 3.09B Ordinary Shares Opens Today


Dealing Members are hereby notified that the Rights Issue of Lafarge Africa (WAPCO) Plc has kicked off its Right Issue of 3, 097,653,023 ordinary shares of 50 kobo each to existing shareholders at an offer price of N42.50 per share on the basis five (5) new ordinary shares for every nine (9) ordinary shares held as at the close of business on Wednesday, November 1st, 2017.

The Rights Issue is aimed at raising a total of N131.65 billion in a bid to expand its operations, boost its working capital and refinance a portion of its foreign currency denominated shareholder loans by way of debt-to-equity conversion.

The offer opened on Friday, November 24th, 2017 and will close on Friday, December 15th, 2017.

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