Dangote Sugar Rights Issue 102.6% Subscribed Amid Strong Investor Confidence

Dangote Sugar Refinery Plc has recorded a successful close to its rights issue, with investor appetite pushing subscription to 102.6 per cent and raising N498.57 billion to support the company’s expansion plans.
The company offered 8.098 billion ordinary shares of 50 kobo each at N60.00 per share on the basis of two new shares for every three shares held as at April 20, 2026.
At the close of the offer on June 24, 2026, Dangote Sugar received 14,595 valid applications for 8.309 billion ordinary shares valued at N498.567 billion. This represents an oversubscription of 211,528,194 shares.
According to the results, 13,426 shareholders accepted their rights in full for 6.986 billion shar...