Notice of Extension
Dangote Petroleum Refinery and Petrochemicals FZE’s Initial Public Offering of 4,100,000,000 Ordinary Shares of US$0.000013 each at N525.00 per Share (the “IPO” or the “Offer”)
12 October 2026
Notice of Extension of the Application Period for the Offer to Tuesday, 27 October 2026
Further to the receipt of the approval of the Securities and Exchange Commission, Dangote Petroleum Refinery and Petrochemicals FZE (the “Issuer”) wishes to inform the investing public that the Offer period for the IPO, which opened on Monday, 14 September 2026 has been extended from Tuesday, 13 October 2026 to close on Tuesday, 27 October 2026.
Since the launch of the IPO, the Issuer has received very strong interest from a broad range of eligible investors across Africa and other jurisdictions. The extension is intended to support ongoing market-access initiatives across African jurisdictions, including the expansion of distribution channels and the implementation of depositary receipt programmes designed to facilitate efficient cross-border investor participation. The extension will also provide additional time for prospective investors to complete applicable account-opening, identity verification and regulatory requirements necessary for participation in the Offer.
The Issuer remains encouraged by the level of investor engagement received to date across its target markets and believes that the extension will provide more investors across Africa with an opportunity to participate in the Offer.
David Bird, Managing Director and Chief Executive Officer of DPRP, said:
“We welcome the SEC’s approval of the extension, which will give more investors across Africa the opportunity to participate in the Offer. From the outset, our ambition has been to enable as many people as possible to participate in the IPO and share in DPRP’s future growth. The additional time will help us extend that opportunity to more investors across Africa.”
Revised Offer Timetable
| Activity | Date |
|---|---|
| Application List Closes | 27 October 2026 |
| Collation of Returns | 03 November 2026 |
| Submission of Basis of Allotment Proposal and draft Allotment Announcement with SEC | 10 November 2026 |
| Obtain SEC’s “no-objection” to the Basis of Allotment (“Allotment Date”) | 17 November 2026 |
| Transfer net Offer proceeds to DPRP | Allotment Date + 1 Business Day |
| Publish Allotment Announcement | Allotment Date + 1 Business Day |
| Return surplus/rejected Application Monies | Allotment Date + 5 Business Days |
| Credit CSCS accounts of Allottees (Settlement) | Allotment Date + 15 Business Days |
| Listing / Commencement of trading | Allotment Date + 15 Business Days |
Important Notice: The dates stated above are indicative only and reflect the principal dates of the Offer. The timetable has been prepared on the assumption that certain key events for the Offer will be achieved as stated. If not, then the dates of key events in the timetable may be subject to adjustment without notice, by the Issuing Houses in consultation with the Issuer.
For further enquiries, please contact
Media Enquiries
Brunswick Group (International media)
Tel: +44 (0) 20 7404 5959
Email: DPRP@brunswickgroup.com
Will Medvei
Ed Brown
Pip Green
Brunswick Group (African media)
Tel: +27 11 502 7300
Email: DPRP@brunswickgroup.com
Iris Sibanda
Diana Munro
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