Market conditions: Dangote Cement rescinds plan to list shares on London Stock Exchange.
In a statement sent to the Nigerian Exchange Limited, NGX and signed by Edward ImoedemheCompany Secretary, stated: “ This is to inform the […] The post Market conditions: Dangote Cement rescinds plan to list shares on London Stock Exchange appeared first on Vanguard News .
By Peter Egwuatu Dangote Cement Plc, has rescinded plan to list its shares on the London Stock Exchange, LSE following market conditions.
The company disclosed this after its Board Meeting held on Tuesday.
“ The company’s ordinary shares remain listed on the NGX, and this decision does not in any way affect the company’s operations or business plans. “Dangote Cement PLC remains focused on delivering sustainable value to its shareholders and building on its strong market position.” It will be recalled that Dangote had disclosed plans to list the cement business on the London Stock Exchange in May, eight years after an earlier attempt in 2018 failed. He had told the Financial Times that the proposed dual listing would involve selling about 10 percent of Dangote Cement’s shares on the UK exchange. The post Market conditions: Dangote Cement rescinds plan to list shares on London Stock Exchange appeared first on Vanguard News .
MSEApp News is publishing an original rewrite of this tip for readers, based on reporting associated with Vanguard.