The shareholders of Ashaka Cement Plc (AshakaCem) and the general public have been notified that the company has been voluntarily delisted from the daily official list of the Nigerian Stock Exchange (NSC) effective Tuesday July 4, 2017.
The application for the voluntary delisting of Ashaka Cement was approved on May 25, 2017 by the Quotations Committee of the National Council of the Nigerian Stock Exchange.
Following the voluntary delisting, former shareholders of AshakaCem who have exercised the option to exit the company prior to the delisting will receive as agreed at the Extra-Ordinary General Meeting held on December 9, 2016; 57 Lafarge Africa Plc shares for every 202 AshakaCem shares previously held as well as a cash consideration of N2 per share.
Meanwhile, shareholders who indicate that they do not to remain in the unlisted AshakaCem will, in accordance with the delisting guidelines of the Nigerian Stock Exchange, be entitled to receive from the Company a payment of N15.74per share.
Ashaka Cement Delists From Nigerian Stock Exchange
