Lafarge Plc gives report on “rights issue” performance

Joint Issuing House, Stanbic IBTC Capital on behalf of Lafarge Announces the result of the Rights Issue of 7,434,367,256 Ordinary Shares of 50 Kobo each on the basis of Six (6) New Ordinary Shares for every Seven (7) Ordinary Shares at N12.00 per share held as at December 4, 2018 which opened on December 17, 2018 and closed on January 28, 2019, a total of 1,826 acceptances for 7,434,367,256 units valued at N89,212,407,072 were received in connection with the Rights Issue. A summary of the Rights Issue is outlined below:

With respect to the Rights Circular dated December 10, 2018, a total of 1,826 applications for 7,434,367,256 ordinary shares were accepted in connection with the Rights Issue

1,826 Acceptance Forms for 7,434,367,256 units of the Rights received were found to be valid under the terms of the Rights and were processed accordingly. The Rights Issue was therefore 100% subscribed.

1,734 shareholders accepted their Rights in full totaling 5,931,501,457 ordinary shares, out of which 738,731,071 ordinary shares were traded on the floor of the Nigerian Stock Exchange

92 shareholders with a provisional allotment of 395,875,060 ordinary shares partially accepted their Rights for 202,401,994 ordinary shares. Thus the balance of 193,473,066 ordinary shares were renounced.

34 subscribers purchased Rights of 738,731,071 Ordinary Shares on the floor of the Nigerian Stock Exchange.

Of the 1,734 shareholders who took up their Rights in full, 734 shareholders also applied for additional 1,300,463,805 ordinary shares and were allotted in full from the renounced Rights.

A total of 1,106,990,739 ordinary shares were fully renounced bringing the total number of shares renounced to 1,300,463,805 ordinary shares.

 

 

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