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Date 08/05/2017

LAFARGE AFRICA REQUESTS APPROVAL OF RIGHTS ISSUE AT AGM

The Board of Lafarge Africa Plc is submitting to its 58th Annual General Meeting (AGM) of June 7th, the approval of the debt restructuring by means of a Right Issue, where LafargeHolcim will convert its debt into equity.

A first step of the restructuring has been executed with a refinancing covered by a Hedge on the Nigerian Autonomous Foreign Exchange Fixing (NAFEX). This transaction will have no impact on the company's Profit and Loss account.

The intention to merge UNICEM into Lafarge Africa Plc is also part of the AGM Resolutions.

 

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LafargeHolcim. Cement, aggregates, Concrete.