The Management of Dangote Petroleum Refinery and Petrochemicals (“DPRP” or the “Enterprise”) has clarified any link with media speculation on potential Initial Public Offering (IPO).
The Management made the clarification in a release on Friday, declaring that such media reports on potential IPO did not originate from Dangote Petroleum Refinery and, as such, should be treated with caution.
The Management noted “with concern the recent circulation of unauthorised information across various media and social platforms regarding a potential Initial Public Offering (IPO).”
DPRP further noted that several online platforms and unofficial sources have published unverified, and in some instances inaccurate, information relating to a potential offering.
The Management of the refinery categorically stated that “such reports do not originate from DPRP and should be treated with caution.”
It stated that all official updates as regards any potential transaction will be communicated “strictly through DPRP’s formal public disclosures and announcements issued by its appointed advisers, in line with applicable laws and regulatory requirements.”
The Management therefore urged the public, investors and market participants to disregard speculative commentary on potential IPO.
It also strongly advised all the interested stakeholders to rely solely on verified information formally issued by DPRP or its authorised representatives.
“DPRP remains committed to the highest standards of transparency, corporate governance and market integrity.
“The Enterprise also underscores the importance of responsible public communication and urges commentators, analysts and social media influencers to rely only on authenticated information,” Dangote Petroleum Refinery added in the release.
The Management of the refinery also assured stakeholders that comprehensive and adequate regarding any proposed transaction will be made available through official channels, if and when appropriate.
The official channels, it added, included regulatory filings, authorised press releases, and coordinated communications by the Enterprise and its appointed advisers.
“This communication is for information purposes only and does not constitute, or form part of, an offer to sell or a solicitation of an offer to buy any securities.
“Any such offer, if made, will be undertaken solely on the basis of duly authorised offer documentation and in compliance with all applicable laws and regulatory requirements,” the Management further clarified.
