Dangote Cement Plc’s Board has considered & agreed to recommend share buyback & reverse share split to its shareholders

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Dangote Cement PLC Generated N761.44bn Revenue as PAT Surge by 35.20%
Cement trucks, operated by Dangote Cement Plc, deliver supplies to the construction site for the Eko Atlantic city project, developed by Eko Atlantic, near Victoria island in Lagos, Nigeria, on Friday, Feb. 12, 2016. Eko Atlantic city is an area of land reclaimed from the Atlantic ocean being developed into 10 million square meters of real estate. Photographer: George Osodi/Bloomberg

Today, the Board of Directors of Dangote Cement Plc announces that it has considered and subject to obtaining detailed advice and regulatory approvals, will recommend to its shareholders for consideration, a proposal to consolidate its share capital, as well as a share buyback programme. The details of these actions are yet to be finalized and will be communicated at a later date.

Shareholders and potential investors are advised to exercise caution when dealing in the Company’s shares until a further announcement is made.