• Tuesday, July 23, 2024
businessday logo

BusinessDay

Dangote Sugar Refinery registers N200bn multi-instrument issuance programme

Dangote Sugar Refinery registers N200bn multi-instrument issuance programme

Dangote Sugar Refinery Plc (DSR) has successfully registered its N200 billion multi-instrument issuance programme (the Multi-Instrument Issuance Programme) with the Securities and Exchange Commission (SEC).

The company notified the Nigerian Exchange Limited and the general public that the registration of the Multi-Instrument Issuance Programme represents a significant step for DSR and reinforces the company’s commitment to diversifying its funding sources in alignment with its corporate objectives.

Dangote Sugar Refinery Plc said the management of the Company will take decisions to proceed with issuances of any series of securities under the Multi-Instrument Issuance Programme in due course, subject to prevailing market conditions and obtaining relevant regulatory approvals.

“The specific details of such issuance will be disclosed in the appropriate transaction documents at the relevant time. This announcement does not constitute an offer to sell securities under the Multi-Instrument Issuance Programme.

“Investment decisions to participate in any issuance, and subscribe for securities under the Programme will be made based on the investor’s review of the information contained in, and incorporated by reference into, the Shelf Prospectus and Pricing Supplement to be published upon obtaining regulatory approval; and after due consultation with its Stockbroker, Solicitor, Accountant, Banker or an Independent Investment Adviser,” the company said.