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Dangote Sugar lists 146,878,241 additional shares

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Dangote Sugar has on Wednesday listed an additional 146,878,241 ordinary shares on the Nigerian Stock Exchange.

The Nigerian stock market made this known in a statement.

The statement was signed by NSE’s Head of Listings Regulation Department, Godstime Iwenekhai.

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

With the listing of the additional 146,878,241 ordinary shares on Wednesday, the total issued and fully paid up shares of Dangote Sugar Refinery Plc has now increased.

NSE said the company recorded an increase from 12,000,000,000 paid up shares to 12,146,878,241 ordinary shares of 50 kobo each.

 

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