Lafarge Cement Zimbabwe : Withdrawal of Cautionary
December 01, 2022 at 06:44 am EST
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WITHDRAWAL OF
CAUTIONARY STATEMENT
1 December 2022
The Company wishes to advise shareholders and members of the investing public on the withdrawal of the cautionary announcement dated 18 November 2022, as the Sale and Purchase Agreement for the sale of 76.45% stake in the Company has been finalized. The sale is thus soon to be concluded upon the transfer of the Company shares owned by Associated International Cement Limited to Fossil Mines (Private) Limited stake in exchange for the consideration agreed by the parties. The transaction, if successfully concluded, may have a material effect on the Company's securities. Accordingly, shareholders and members of the investing public are advised to exercise caution when dealing in the Company's securities until a full announcement is made
By order of the Board,
Arnold Z. Chikazhe
Acting Company Secretary
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Lafarge Cement Ltd. published this content on 01 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 December 2022 11:43:01 UTC.
Khayah Cement Limited, formerly Lafarge Cement Zimbabwe Limited, is a construction solutions provider. The Company offers a range of cement and allied products, manufactured to meet the various construction needs of the customer. It offers products, including cement, dry mortars, and aggregates. Under the cement category, it provides various varieties of products, such as Watershield, SupaSet, Portland, and Masonry. Under the dry mortars category, it offers products, such as White Tile Grout, Grey Tile Grout, Supafix Ceramic Tile Adhesive, Supafix Bonding Liquid, SupaFix Porcelain Tile Adhesive, Impermo, SupaGrow Calcitic Lime, SupaGrow Dolomitic Lime, SupaGrow Gypsum, Colorbrite, Snolime, Cemprover, and Cemwash. Under the aggregates category, it provides products, such as 19 milli meters (mm) crashed stones, 16mm crashed stones, and washed sand. Its Watershield is a waterproofing cement used for building foundations, including special foundations, slabs, beams, canals, and others.