Company urges investors to rely only on official disclosures, says no authorised announcement has been made…..
Dangote Petroleum Refinery and Petrochemicals has dismissed reports suggesting it is planning an Initial Public Offering (IPO), warning that such information circulating online is unauthorised and should be treated with caution.
In a statement, the company said it had observed the spread of unverified and, in some cases, inaccurate claims across media platforms and social channels regarding a potential public offering. It stressed that these reports did not originate from the company.
The refinery noted that any official update concerning a possible IPO or related transaction would be communicated strictly through its formal disclosure channels and authorised advisers, in line with regulatory requirements.
It therefore advised investors, market participants and the general public to disregard speculative commentary and rely only on verified information issued directly by the company or its appointed representatives.
Dangote Petroleum Refinery and Petrochemicals reaffirmed its commitment to maintaining high standards of transparency, corporate governance and market integrity, while also calling on analysts, commentators and social media users to ensure that their information is accurate and properly sourced.
The company assured stakeholders that, if and when any transaction is to be undertaken, comprehensive details would be made available through official channels, including regulatory filings and authorised announcements.
It added that the statement is for information purposes only and does not constitute an offer to sell or a solicitation to buy any securities. Any such offer, the company said, would be carried out strictly in accordance with applicable laws and supported by duly authorised documentation.
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