Lafarge Africa Seeks Shareholder Approval to Rebrand as HBM Nigeria

April 10, (THEWILL) — Lafarge Africa Plc will ask shareholders to approve a change of its corporate name to “HBM Nigeria Plc” at its 67th Annual General Meeting scheduled for April 30, 2026, in Lagos.

The proposal was disclosed in a filing with the Nigerian Exchange on April 9, where the company outlined key items on the AGM agenda, including financial reporting, dividend approval, and board restructuring.

According to the company, the name change is a special resolution requiring shareholder approval and will involve an amendment to Clause 1 of its Memorandum of Association to reflect the new corporate identity.

It added that its Register of Members and Transfer Books were closed from April 6 to April 10, 2026, to update records ahead of dividend payments. If approved, dividends will be paid to eligible shareholders on April 30.

Beyond routine governance matters, the proposed rebranding signals a potential strategic shift as the company looks to consolidate its market position and align with evolving business priorities.

The move marks the latest in a series of corporate identity changes.

The company originally operated as West Africa Portland Cement Company (WAPCO) before becoming Lafarge Cement WAPCO Nigeria Plc following its integration into the global Lafarge Group.

Its current name, Lafarge Africa Plc, took effect in 2014 after the merger of Lafarge and Holcim’s African operations.

The upcoming AGM is expected to address both the rebranding decision and broader governance priorities central to the company’s future direction.