Dangote Sugar Refinery lists additional shares on NSE

Nigeria’s stock market

Dealing members of the Nigerian Stock Exchange (NSE) have been notified that additional 146,878,241 ordinary shares of Dangote Sugar Refinery Plc were on Wednesday, September 30 listed on the Daily Official List of the Nigerian Stock Exchange.

The additional shares listed on The Exchange arose from the Scheme of Merger between Dangote Sugar Refinery Plc and Savannah Sugar Company Limited.

With this listing of the additional 146,878,241 ordinary shares, the total issued and fully paid up shares of Dangote Sugar Refinery Plc has now increased from 12billion to 12.146billion ordinary shares of 50 kobo each.

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with over 18 years journalism experience writing on banking, finance and capital markets. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA).

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