{"id":47167,"date":"2022-12-14T03:28:42","date_gmt":"2022-12-14T03:28:42","guid":{"rendered":"https:\/\/thefreezonechannel.com\/?p=47167"},"modified":"2022-12-14T03:28:48","modified_gmt":"2022-12-14T03:28:48","slug":"dangote-cement-shareholders-approve-10-share-buy-back-programme","status":"publish","type":"post","link":"https:\/\/thefreezonechannel.com\/old\/dangote-cement-shareholders-approve-10-share-buy-back-programme\/","title":{"rendered":"Dangote Cement shareholders approve 10% share buy-back programme"},"content":{"rendered":"<p>Shareholders of Dangote Cement Plc on Tuesday unanimously authorised the management of the company to undertake a share buyback of up to 10 per cent of its issued shares.<\/p>\n\n\n\n<p>The company said this in a statement signed by Mr Francis Browne, Media and Communication Officer, Dangote Group, in Lagos.<\/p>\n\n\n\n<p>According to the statement, Dangote cement had earlier indicated interest to undergo a share buyback programme of up to 10 per cent of its issued shares.<\/p>\n\n\n\n<p>The approval, the company said, was given at its Extraordinary General Meeting, and recorded a 100 per cent approval from the shareholders, with many of them describing the development as a win-win situation.<\/p>\n\n\n\n<p>This move, Dangote Cement said, would serve to improve the company\u2019s return on equity and its shareholders\u2019 value to facilitate the future long-term growth of the company.<\/p>\n\n\n\n<p>\u201cAmong other resolutions, the shareholders authorised that the \u201cMemorandum and Articles of Association of the company be amended (as applicable), upon completion of the share buyback, to reflect the company\u2019s share capital, following the cancellation (if any) of the shares acquired and\/or otherwise held by the company.<\/p>\n\n\n\n<p>\u201cThe board was also authorised to ensure that the amendment of the articles of association of the company reflects the company\u2019s share capital, following the cancellation (if any) of the shares acquired and\/or otherwise held by the company,\u201d it read.<\/p>\n\n<!--themify_builder_content-->\n<div id=\"themify_builder_content-47167\" data-postid=\"47167\" class=\"themify_builder_content themify_builder_content-47167 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->","protected":false},"excerpt":{"rendered":"<p>Shareholders of Dangote Cement Plc on Tuesday unanimously authorised the management of the company to undertake a share buyback of up to 10 per cent of its issued shares. The company said this in a statement signed by Mr Francis Browne, Media and Communication Officer, Dangote Group, in Lagos. According to the statement, Dangote cement [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":4069,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1366,949],"tags":[643],"class_list":["post-47167","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-economy","tag-dangote-cement","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dangote Cement shareholders approve 10% share buy-back programme - The Freezone Channel<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thefreezonechannel.com\/old\/dangote-cement-shareholders-approve-10-share-buy-back-programme\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dangote Cement shareholders approve 10% share buy-back programme - The Freezone Channel\" \/>\n<meta property=\"og:description\" content=\"Shareholders of Dangote Cement Plc on Tuesday unanimously authorised the management of the company to undertake a share buyback of up to 10 per cent of its issued shares. 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