2018 Notices

30 November 2018

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 2018 financial results will be announced in the first quarter of 2019, 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 2018 full year earnings of the Group are  expected  to  decrease  by  more  than  25%  compared  with  the  year  ended  31 December 2017.

The expected decrease is mainly attributable to:

1.     Difficult market conditions, as well as escalating international energy prices in both Kenya and Uganda;
2.     Increasing power costs in Kenya;
3.     Additional provisions, mainly receivables, in Uganda.

This announcement is based solely on the Company’s preliminary assessment of the Group’s expected financial results for the year 2018. 

By Order of the Board

B Kanyagia

COMPANY SECRETARY

30 November 2018

18 OCTOBER 2018

Bamburi Cement Limited wishes to announce that Eric Kironde will be taking up a different role within the Group and has therefore resigned as Finance Director of the Company.

The Board of Directors thanks Eric for his significant contribution during his tenure as Finance Director since November 2011 and as acting Managing Director between October 2017 to 8 February 2018, steering the finance function and the Company through challenging times.  The Board is confident that Eric is the right person to take up the new role which is critical to the Group.

The Company is pleased to announce the appointment of Grace Oluoch as Finance Director. Grace has had a long career with Unilever holding different roles in South Africa, Ghana, Nigeria and Kenya, where her last two roles were as Finance Director and Finance Transformation Director.  The Board welcomes Grace to the Group.

The changes take effect immediately.

By Order of the Board

B Kanyagia

COMPANY SECRETARY

18 OCTOBER 2018

7 June 2018

Bamburi Cement Umited wishes to give notice of the following:

1. The Board has accepted the resignations of Jose Cantillana, as a director of the Company, and Thibault Dornan, as an alternate to Olivier Guitton, after they both resigned from the LafargeHolcim Group.

2.   The Board is pleased to announce the appointment of Pierre Delaplanque as a member of the Board of Directors of the Company.

The changes take effect immediately.

B Kanyagia

COMPANY SECRETARY

7 JUNE 2018

9 February 2018

Bamburi Cement Limited is pleased to announce the appointment of Seddiq Hassani as a member of the Board of Directors and Managing Director of the Company.

Seddiq joined Lafarge in 2000 in Morocco where he worked in various  functions  including  operations,  control,  purchasing, logistics, marketing, strategy and gypsum. Since 2015, Seddiq has been the LafargeHolcim Head of Growth & Innovation for Middle East and Africa.

The Board takes this opportunity to thank Eric Kironde for ably holding the dual roles of Acting Managing Director and Finance Director since October 2017.

The Company is pleased to also announce the appointment of Nicolas George as a member of the Board of Directors. Nicolas joined Lafarge in 2007 as China Strategy Manager then went on to hold positions in France, Myanmar and Singapore. Nicolas will act as Managing Director, Hima Cement Limited, Uganda.

The changes take effect immediately.

B Kanyagia

COMPANY SECRETARY

9 FEBRUARY 2018