Dangote Sugar Refinery Plc has commenced trading of its rights issue on the Nigerian Exchange Limited (NGX) as the company moves forward with plans to raise approximately ₦485.88 billion from existing shareholders.
In a notice issued to Trading Licence Holders, the Nigerian Exchange confirmed that trading in Dangote Sugar Refinery Plc’s rights issue opened on May 25, 2026, and will remain available until June 24, 2026.
The company is offering 8,097,918,827 ordinary shares of 50 kobo each at a subscription price of ₦60 per share through a rights issue available to existing shareholders.
Under the terms of the offer, shareholders whose names appeared in the company’s register as of the close of business on April 20, 2026, are entitled to subscribe for two new ordinary shares for every three existing shares held.
The rights issue has been assigned the symbol code RR26DANGSU and ISIN NGRR26DANSG0 for trading purposes on the exchange.
Based on the offer price of ₦60 per share, the transaction is expected to generate approximately ₦485.88 billion if fully subscribed, making it one of the largest equity capital raises in Nigeria’s consumer goods sector in recent years.
The rights issue provides existing shareholders with the opportunity to increase their stake in the company while enabling Dangote Sugar to strengthen its capital base and support its long-term growth strategy.
Rights issues allow shareholders to purchase additional shares at a predetermined price, usually at a discount to prevailing market prices, in proportion to their current holdings.
Shareholders who do not wish to exercise their rights may choose to trade them on the exchange during the offer period.
Dangote Sugar remains one of Nigeria’s leading sugar producers and a major player in the country’s backward integration programme aimed at boosting local sugar production and reducing dependence on imports.
The activation of trading for the rights issue marks a significant step in the company’s capital raising programme and is expected to attract close attention from investors seeking to participate in the expansion plans of one of Nigeria’s largest food manufacturing companies.
Veritas Registrars Limited is serving as the registrar to the offer.
Investors and market participants will be monitoring subscription levels over the coming weeks as the offer approaches its June 24 closing date.
