AT the 345th Meeting of the Board of Directors of Lafarge Africa Plc held on 27th of October 2021, a resolution on interim gross dividend of 100k was proposed, deliberated upon and duly passed on every ordinary share in issue amounting to ₦16,107,795,721.00, payable from the pioneer profits.
According to the report sent to the Exchange, the Board of Directors is proposing an additional gross dividend of 100k, amounting to ₦16,107,795,721.00, bringing the total to 200k (2020: 100K) on every ordinary share in issue, amounting to a total gross dividend of ₦32,215,591,442.00 for 2021 (2020: ₦16,107,795,721.00).
The additional dividend proposed if approved by shareholders, is payable from the pioneer profits and is not subject to deduction of withholding tax. The proposed dividend is subject to approval by the shareholders at the Annual General meeting.
The Company has full ownership of Ashaka Cememt Limited and Wapsila Nigeria Limited.
The issued and fully paid-up Share Capital of the Company as at 31 December 2021 was 16,107,795,721 ordinary shares of 50 kobo each (31 December 2020: 16,107,795,721 ordinary shares of 50 kobo each).
The Register of Members shows that two companies: Associated International Cement Limited (AIC UK) and Cari Cement BV, held more than 5 per cent of the Company’s Issued share capital.
Holcim Limited is an international investor holding its shares in the names of its subsidiaries: AIC UK (27.77 per cent) and Cari Cement BV (56.04 per cent). Total shareholding of Holcim Limited (formerly Lafarge Holcim Limited) in the Company was 83.81 per cent as at 31 December 2021.
The remaining 16.19 of the issued shares were held by other individuals and institutions. Aside from the aforementioned two companies, no other shareholder held more than 5 per cent of the issued share capital of the Company as at 31 December 2021.
