Dangote Cement Cancels Treasury Shares, Price Steadies
Dangote Cement Plc stock market price steadied at N480 as the company cancelled its repurchased or treasury shares in the equities market today, stockbrokers revealed.
Following a successful share buyback program in 2024, the cement company has successfully cancelled its Treasury shares. The cement company had launched a series of share repurchase programs in the recent past years to stem price volatility on the Nigerian Exchange.
A total of 166,948,153 Treasury Shares, a portion of previously issued outstanding shares repurchased from shareholders by Dangote Cement Plc, were canceled on the exchange today.
Data from the Nigerian Exchange revealed that Dangote Cement Plc’s outstanding shares fell from 17.040 billion to 16.873 billion, with a total valuation of N8.099 trillion. #Dangote Cement Cancels Treasury Shares, Price Steadies Yield on Nigerian Treasury Bills Falls ahead of Rebase Data
