Dangote Flour offer opens to Nigerians
September 6th, 2007 Ogbuotobo Chuks || chuks@stockmarketnigeria.com
By Ogbuotobo Chuks
Dangote Flour Mills have opened its doors to the Nigerian public today as it commences sale of its shares today. The company is offering 1.25billion ordinary shares of 50k each at N15 per share.
Dangote Flour Mills commenced operations in 1999 as a division of Dangote Industries limited. Following the strategic decision of Dangote Industries Limited to unbundle its various operations, Dangote Flour Mills Plc was incorporated in 2006.
The core business of the milling company is flour milling, processing and marketing of branded flour. From an initial installed capacity of 500 metric tonnes per day at its Apapa mill, the company has expanded to Kano, Kano State, Calabar, Cross River State and Ilorin, Kwara State. Three of the mills have an installed capacity of 4000 MT per day.
The company, many believe is a good one, considering the high consumption of flour based products in the country and its by products. The Dangote group last year sold equity in Dangote Sugar Refinery and so far it has been a huge success story.
Dangote Sugar Refinery so far is the first company to pay quarterly dividend, and many hope that the same would go for the flour mills
The offer closes on September 27, 2007.
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Hello, i was one of your subcribers during the last pulic offer by name ABIODUN OLUBUNMI. ADRESS: 2 AKINREMI STREET BY ANIFOWOSE IKEJA LAGOS. PHONE NO : 08034905631. And up till now i have not gotten my shares certificate. Pls, where is my certificate? Kindly, send my certificate to P . O BOX 13480 KADUNA.Thanks , ABIODUN.
Please, I was one of the people that subscribe during your last public offer in Akwa in Anambra State, up till now I have not gotten my Share Certificate according to CBN regulations, after this Dec the Cert will not be valid. Kindly send it to this address 51 Uyo Street, Umuahia, Abia State, P.O. Box 165 or call me to pick it up.. My phone number is 07031132299.
Looking forward to receiving it.
Thanks
Please, I was one of your subcribers during the last pulic offer by name Akisanya Amos Oluwatobiloba. PHONE NO : 08028981732. And up till now i have not gotten my shares certificate although my “Return Shares” money has been sent to me with the check no as 199548. Pls, where is my certificate? Kindly, send my certificate to P . O BOX 9206 U.I Post Office Ibadan.
Thanks , Amos.
Please, I was one of your subscribers during the last public offer(25 Sep. 2007) in Akure, Ondo State. Up till now I have not gotten my return shares & my share certificate, pls kindly send it to this address: Mr A.0 IDOWU, c/o Kehinde Oyafajo, P.O.Box 7172, Secretariat, Ibadan, Oyo State. My phone NO. is 08032424185. Thanks
For e-dividend, my bank details are these (bank name: Oceanic bank; Account Number: 0250001018762). Pls urgently send my certificate bcos according to CBN, the cert. becomes invalid after Dec.31,2008 thanks
URGENCY! Pls kindly send my share certificate and my return shares. My bank details are : Oceanic bank; my account NO. is 0250001018762(savings); phone NO. is 08032424185; my e-mail address: ayraul2002@yahoo.com looking forward to hearing from you soonest. Thanks
Hello,
I was one of the subscibers to the Dangote IPO.Howevr, I have not received my share certificate.Do you know who the registrar is?.Can I have a working phone number.How do I receive my share certificate.My address is: Raymond Obinozie, P.O.BOX 409,OWERRI,IMO STATE.
Thanks
Raymond Obinozie