2017 Notices

30 November 2017

This announcement is made by Bamburi Cement Limited (the “Company”, together with its subsidiaries, the “Group”) pursuant to Regulation G.05(1)(f) and (2) of the Capital Markets (Securities) (Public Offers, Listing and Disclosures) Regulations, 2002.

While the final 2017 financial results will be announced in the first quarter of 2018, the Board of Directors (the “Board”) of the Company wishes to inform the shareholders of the Company and potential investors that, based on the preliminary assessment on the unaudited consolidated management accounts, the 2017 full year earnings of the Group are expected to decrease by more than 25% compared with the year ended 31 December 2016.

The expected decrease is mainly attributable to:

1. weaker performance of the business in Kenya resulting from contraction of the cement market, partly due to poor private sector credit growth, drought conditions together with the effects of the pre and post election periods;
2. lower volumes to the Group’s export markets.

This announcement is based solely on the Company’s preliminary assessment of the Group’s expected financial results for the year 2017.   

By Order of the Board

B Kanyagia

COMPANY SECRETARY

30 NOVEMBER 2017

30 November 2017

Bamburi Cement Limited wishes to announce that Daniel Pettersson resigned as Managing Director, Hima Cement Limited to pursue interests outside the Group. 

As such, Daniel has tendered his resignation from the Board of Directors of the Company, which resignation has been accepted with effect from today.

B Kanyagia

COMPANY SECRETARY

30 NOVEMBER 2017

4 October 2017

Bamburi Cement Limited wishes to announce that Bruno Pescheux, who has been the Company’s Managing Director since July 2014, will be relocating within the LafargeHolcim Group pending retirement.

As such, Bruno has tendered his resignation from the Board of Directors of the Company with effect from 30 September 2017, whose resignation has been accepted. On behalf of the Board, the Chairman takes this opportunity to thank Bruno for his leadership and service, and wishes him the very best for the future.

The Company is pleased to announce the appointment of Eric Kironde, the current Finance Director, as acting Managing Director of the Company. Eric has been with the Bamburi Cement Limited Group since 2001 and therefore is well versed with the Group together with its operations.

B Kanyagia

COMPANY SECRETARY

4 OCTOBER 2017

8 June 2018

Bamburi Cement Limited wishes to give notice of the following:

1. Amb. Solomon Karanja who is retiring by rotation, though eligible, does not offer himself for re-election. Chris Kisire has tendered his resignation, which the Board has accepted. Amb. Karanja and Mr. Kisire, who were appointed as independent non-executive directors, are leaving the Board as they would no longer qualify as independent directors having served on the Board for more than 9 years in accordance with Section 2.4 of the CMA Code of Governance Practices for Issuers of Securities to the Public, 2015.
2. The Board had accepted the resignation of Dominique Drouet, who has moved elsewhere within the LafargeHolcim Group.
3. The Board is pleased to announce the appointment of Olivier Guitton as a member of the Board of Directors of the Company.

The changes take effect immediately.

B Kanyagia

COMPANY SECRETARY

8 JUNE 2017