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Dangote Sugar Refinery plc
Dangote Sugar Refinery Plc: Listing of Additional Shares Dealing Members are hereby notified that additional 146,878,241 ordinary shares of Dangote Sugar Refinery Plc were today, Wednesday, 30 September 2020 listed on the Daily Official List of The Nigerian Stock Exchange (The Exchange). The additional shares listed on The Exchange arose from the Scheme of Merger between Dangote Sugar Refinery Plc and Savannah Sugar Company Limited. With this listing of the additional 146,878,241 ordinary shares, the total issued and fully paid up shares of Dangote Sugar Refinery Plc has now increased from 12,000,000,000 to 12,146,878,241 ordinary shares of 50 kobo each.
Obviously this would have some direct impacts on its EPS and DPS..

Can you please help shed more light on direct and indirect impacts of this on share price of the stock of DANGOTE Sugar Plc

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