What does it mean to hold a share?
The Dangote Petroleum Refinery and Petrochemicals FZE Public Offer gives eligible investors an opportunity to apply for shares in the company. Here's what you need to know before deciding whether to subscribe.
What is an IPO?
IPO means Initial Public Offering.
It is the process through which a company offers shares to members of the public.
When you apply for shares and they are allotted to you, you become a shareholder in that company.
What does being a shareholder mean?
- A share represents a unit of interest in a company.
If shares are allotted to you through the Dangote Petroleum Refinery and Petrochemicals FZE Public Offer, you become one of its shareholders.
As a shareholder, your rights will be determined by the terms governing the shares and applicable law.
- What about dividends?
- Holding shares may give you the right to receive dividends if and when dividends are declared.
Dividends are not guaranteed. They depend on factors including the company's performance, cash requirements and decisions of its Board.
- Can the value of my shares change?
YES
- Share prices can rise or fall after listing. Investing in shares involves risk, and you could lose some or all of the money you invest.
Before subscribing, read the Prospectus, including the Risk Factors section.
- How does it work?
- Understand the offer and read the Prospectus.
Subscribe
- Apply through an SEC approved Receiving Agent or Electronic Application Channel during the offer period.
- Allotment
- After the offer closes, applications are processed and shares are allotted in accordance with the terms of the offer.
- Please read the Prospectus and where in doubt, consult your Issuing House, Stockbrokers and Financial Advisers for guidance before subscribing.
Become a shareholder
- If shares are allotted to you, they are recorded against your investor account in accordance with the approved process.
- The IPO for the People
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What is an IPO? and What is a share?
IPO means Initial Public Offering.
It is the process through which a company offers shares to members of the public. and A share represents a unit of interest in a company.
If shares are allotted to you, you become a shareholder in that company.
What is a dividend?
A dividend is a payment a company may make to its shareholders from its profits.
Dividends are not guaranteed. They are paid if and when declared and depend on factors including profitability, cash flow, capital requirements and the Board's decision.
