| IPO Details |
| Company Profile |
| Summary of the Offer |
| Important Highlights |
| Important Dates |
| Advisers and Vendors |
| Historical Financials |
| IPO Prospectus |
| In the News |
| Name | Dangote Sugar Refinery Plc |
| Security Type | Ordinary |
| Ticker | DANGSUGAR |
| Reuters Code | |
| ISIN | NGDANSUGAR02 / NG000A0NAQD5 |
| Number of Employees | 745 |
| Address | Modandola House |
| 42/44 Ware House Road | |
| Lagos, Nigeria | |
| Website | www.dangote-sugar.com |
| Phone | +234-1-580464-8 |
| Fax | +234-1-2714466, 5804654 |
| SRefinary@dangote-group.com | |
| Nature of Business | The Dangote sugar refinery started production in December 1999, and has finished an expansion program 2006. The current production capacity is over 840,000 Mt of refined sugar per year. The current daily production capacity is 3,000 Mt a n d it will increase to 4,000 Mt per day by the end of 2006. The refinery was designed and built by Tate & Lyle, UK an d th e equipment mostly imported from UK and Brazil. The campany's end-product is refined sugar of a very high qua lit y, and at least of the same quality as the best sugar produced in the international market. It is currently of fere d to the con sumer market in 50 kg bags. Dangote Sugar Refinery Plc is subsidiary of Dangote Group. The Dangot e Gro up is a le ading and corporate responsible organisation in West Africa with its operational headquarters in the bustli ng met ropoli s of L agos, Nigeria. The Group is one of Nigeria’s foremost-diversified business conglomerates, wi th a ha rd- ear ned rep utation for excellent business practices and product quality. |
| Offer Type | Initial Public Offering |
| Offer Method | Offer for Subscription |
| Purpose | |
| Utilization of Proceeds | |
| Target Investors | |
| Par Value of each share | NGN 0.50 |
| Authorised Share Capital | 12,000,000,000 |
| Fully Paid Share Capital | 10,000,000,000 |
| Shares Offered for Sale | 3,000,000,000 |
| % of Fully Paid Shares Offered for Sale | 30.00% |
| Offer Price per Share | NGN 18.00 |
| Price Earning (PE) Ratio at Offer Price | |
| Dividend Yield at Offer Price | -- |
| Offer Open Date | Wednesday, Nov 15, 2006 |
| Offer Close Date | Friday, Dec 22, 2006 |
| Allocation Begin Date | Wednesday, Jan 10, 2007 |
| Allocations End Date | Wednesday, Feb 07, 2007 |
| Results of Allocation Announced | Monday, Feb 26, 2007 |
| Crediting of CDS Accounts with Shares | Wednesday, Mar 14, 2007 |
| Dispatch of Share Certificates | Wednesday, Mar 14, 2007 |
| Dispatch of refund checks (if applicable) | Wednesday, Feb 28, 2007 |
| Commencement of Trading on Nigeria Stock Exchange | Monday, Mar 19, 2007 |
| Key Numbers | |
| Fiscal Year End | 31st December |
| Currency | -- (--) |
| Sales (in millions) | -- |
| 1 Year Sales Growth | -- |
| Annual Income Summary (in millions except EPS data) | ||||
| -- | December 31, 2008 | December 31, 2007 | December 31, 2006 | |
| Sales | -- | 80,671.38 | 80,649.44 | 83,767.91 |
| Pre-Tax Income | -- | 30,151.38 | 30,660.73 | 16,657.07 |
| Net Income | -- | 21,871.05 | 21,478.56 | 16,657.07 |
| Average Shares | -- | 12,000.00 | 10,000.00 | 10,000.00 |
| EPS | -- | 1.82 | 2.15 | 1.67 |
| Total DPS | -- | 1.20 | 0.50 | 1.15 |
| Quarterly Income Summary (in millions except EPS data) | ||||
| -- | -- | -- | -- | |
| Sales | -- | -- | -- | -- |
| Cost of Goods | -- | -- | -- | -- |
| Gross Profit | -- | -- | -- | -- |
| Pretax Income | -- | -- | -- | -- |
| Net Income | -- | -- | -- | -- |
| Average Shares | -- | -- | -- | -- |
| EPS | -- | -- | -- | -- |
| Annual Balance Sheet Summary (in millions) | ||||
| -- | December 31, 2008 | December 31, 2007 | December 31, 2006 | |
| Cash & Equivalents | -- | -- | -- | -- |
| Total Current Assets | -- | -- | -- | -- |
| Total Liabilities | -- | -- | -- | -- |
| Share Holder Equity | -- | -- | -- | -- |
| Long Term Debt | -- | -- | -- | -- |
| Annual Consolidated Cash Flow (in millions) | ||||
| -- | December 31, 2008 | December 31, 2007 | December 31, 2006 | |
| Net cash flows generated from (used in) in operating activities | -- | 13,817.51 | 38,994.64 | 8,497.22 |
| Net cash flows generated from (used in) in investing activities | -- | 1,355.37 | 510.31 | -15,044.54 |
| Net cash flows generated from (used in) in financing activities | -- | -15,219.49 | -23,502.06 | 10,425.82 |
Abridged Prospectus Dangote Sugar IPO |
| Investment Banking and Trust Company (IBTC) plc |
|
Prospectus Dangote Sugar IPO |
| Investment Banking and Trust Company (IBTC) plc |
| LISTING OF DANGOTE SUGAR REFINERY |
| Dangote Sugar Refinery Plc - 07 Mar, 2007 |
| DANGOTE SUGAR REFINERY PLC entire issued 10,000,000,000 Ordinary Shares of 50 kobo each at N18.00 per share would be listed on Thursday, March 8, 2007. On the Floor of the Nigerian Stock Exchange at 1.00p.m. |