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Board's Additional Statement on Rights Issue |
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Dear Shareholders and Prospective Investors,
Here below are a few notes that it is imperative you read in conjunction with the Circular for the Aluworks Limited Rights Issue scheduled to commence on Monday 15th March and to close on Friday 9th April 2010.
1. The Rights Issue
The Board of Aluworks wants to create additional value for shareholders by enhancing the profitability of the company through making it the supplier of choice in the West African Region. Strategies have been developed to drive the company towards the following objectives:
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Background
Aluworks Limited in Ghana principally generally seeks to satisfy the requirements in West Africa for flat rolled aluminium products, along with a few competitors in Nigeria. The Aluminium industry in West Africa has been growing strongly on the back of growth in the economies of the various countries making up the region.
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