Dangote Cement Plc Annual Report 2021
Corporate governance
Substantial interest in shares
All shares other than treasury shares and shares held by Dangote Industries Limited (85.8%) and Aliko Dangote (0.16%) are considered
free float shares. Aliko Dangote is the ultimate owner of Dangote Industries Limited. All issued shares are fully paid, and no additional
shares were issued during the year under review. As of 31st December 2021, and 26th February 2022, Dangote Industries Limited
and Stanbic IBTC Nominees Nigeria Ltd held more than 5% of the Company's issued share capital detailed below. Aside from
Dangote Industries Limited and Stanbic IBTC Nominees Nigeria Limited, no other individual(s) or entity(s) hold(s) 5% and above of
the Company's shares.
Date
As at 31st December 2020
As at 30th December 2021
As at 26th February 2022
Details
Units
%
Dangote Industries Ltd.
14,621,387,610
Stanbic IBTC Nominees Ltd
974,097,274
85.8
5.7
Units
%
14,621,387,610
962,835,709
85.8
5.7
Units
%
14,621,387,610
962,222,558
85.8
5.7
Share Buy-Back Programme
The Company's shareholders approved the execution of the Share Buy-Back Programme at the Extraordinary General Meeting, which
was held on 21st January 2020. This Programme, which involves the Company's buy-back of up to 10% of its issued shares, will be
effected in tranches. The execution of tranches I and II did not have any material impact on the Company's financial position. Further
details are as follows:
Share capital analysis
Pre-buy-back number of shares
Shares bought back from 30th to 31st December 2020 (Tranche I)
Shares bought back from 19th to 20th January 2022 (Tranche II)
Total number of residual issued and fully paid outstanding shares
Number of shares cancelled
17,040,507,404
(40,200,000)
(126,748,153)
16,873,559,251
Nil
Independent auditors
Messrs. KPMG Professional Services, having satisfied the relevant corporate governance rules on their tenure in office, have indicated
their willingness to continue in office as auditors to the Company. In accordance with Section 401(2) of the Companies and Allied
Matters Act (CAMA), 2020, therefore, the independent auditors will be reappointed at the next Annual General Meeting of the Company
without any resolution being passed. A resolution will however be proposed authorising the Directors to fix their remuneration.
By the Order of the Board of Directors.
Ed
Edward Imoedemhe
Deputy Company Secretary
FRC/2021/002/00000022594
Registered Office
Leadway Marble House,
1, Alfred Rewane Road,
P. O. Box 40032,
Ikoyi, Lagos.
26th February 2022
Dangote Cement Plc Annual Report 2021 85View entire presentation