Dangote Sugar Refinery (DSR) Plc is currently offering its innitial Public Offer (IPO) of 3000,000,000 ordinary shares at N18.00 per share. Many admirerers of the Dangote group of course are preaching the prospects of the very efficiently managed group. Thats not all, the Chairman of the company, Alhaji Aliko Dangote in a monthly forum of the capital Market Correspondents Association (CAMCAN) held recently in Lagos, disclosed that the investors of the innitial public offer would be rewarded with a dividend of       N1.00 per share for the financial year ending December 31, 2006.

(By Ugonna Maduagufor) 

The chairman also hinted that the company would be the first to use e-certification in the history of the Nigerian Stock Exchange (NSE) for her IPO as shares would be credited to successful share applicants CSCS account directly after allotment. He added that the share holders of the company would continue to receive increased dividend on a yearly basis. In a bid to encourage individual (retail) investors against institutional investors, 40 percent of the shares would be mandatorily be alloted to retail investors and the percentage could be increased if more individual (retail) investors show interest in the offer. The company is looking foward to a share holders base of 100,000.  

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