Dangote Cement proposes dividend of N16 per share

The Board of Dangote Cement Plc, Africa’s leading cement producer approved the recommendation of a dividend of N16 per share payable to the shareholders at the forthcoming Annual General Meeting (AGM). The date of the Annual General Meeting will soon be announced, according to a notice at the Nigerian Exchange (NGX) Limited.

Pursuant to this, the company’s Closed Period will continue until 24 hours after the audited financial statements are published.

The Closed Period is applicable to all parties that may at any time possess sensitive information that may materially affect the price of the securities of the Company.

Dangote Cement opened Friday trading at N 227.80 per share, representing negative return of -7 percent year-to-date (YtD), underperforming the Nigerian Bourse index which negative return of -3.37percent same day.

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At the meeting of the Board of Directors of Dangote Cement Plc held on March 18 2021, the Board approved the Audited Financial Statements of the Company for the year ended December 31 2020.

The Audited Financial Statements will be filed with the NGX on or before March 31 2021, according to the notice signed by Edward Imoedemhe, Deputy Company Secretary, Dangote Cement Plc.

Also in related company news, the Board of Directors of Dangote Cement Plc confirmed the appointment of Guillaume Moyen as the substantive Group Chief Financial Officer, with effect from March 18, 2021.

Moyen joined Dangote Cement in February 2019 as Group CFO (Operations) and was appointed Acting Group Chief Financial Officer in March 2019. He is in charge of Finance and IT and has more than 20 years’ experience in multi-national industrial and services companies notably operating in emerging and frontier markets.

His career cuts across Finance, Risk Management, Internal Control, Audit, IT and Procurement working in senior positions in Manufacturing, Engineering, Oil and Gas, Nuclear Energy, Mining and Consulting sectors notably with the Areva Group, the Ola Energy Group and KPMG. Guillaume is a Chartered Accountant and holds an MBA degree from Columbia Business School.