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Allison Ayodele
Allison Ayodele
Asked: May 28, 20262026-05-28T13:02:06+00:00 2026-05-28T13:02:06+00:00In: INVESTING & WEALTH BUILDING

How Do I Subscribe to Dangote Sugar Rights Issue Through Bamboo App?

Hello please I got a mail from dangote sugar refinery and I’m privileged to buy more share under the rate of 60 naira but I use bamboo and they gave it form which is to be fill I should sign I should thick I don’t know how I’m going to do this signing and thinking and who to submit it to because there is no such room in bamboo and I don’t want loose this privilege

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  1. Ochoyoda
    Ochoyoda Educator
    2026-05-28T15:58:44+00:00Added an answer on May 28, 2026 at 3:58 pm

    You should not ignore that mail if you are interested in increasing your shares in Dangote Sugar Refinery Plc. What you received is a Rights Issue offer — meaning the company is giving existing shareholders the first opportunity to buy additional shares at a discounted price before outsiders. In thiRead more

    You should not ignore that mail if you are interested in increasing your shares in Dangote Sugar Refinery Plc. What you received is a Rights Issue offer — meaning the company is giving existing shareholders the first opportunity to buy additional shares at a discounted price before outsiders. In this case, the offer price is ₦60 per share.
    The offer is based on:
    2 new shares for every 3 shares you already own
    Only shareholders who held shares as at April 20, 2026 qualify.
    Now, your real problem is not the offer itself — it is the application process through Bamboo.
    What Is Happening
    Because Bamboo is a digital broker, many Nigerian corporate actions like:
    Rights Issues
    Public Offers
    Takeovers
    E-dividend mandates
    sometimes still require:
    physical forms,
    signatures,
    CSCS processing,
    registrar/broker handling.
    That is why they emailed you a form.
    What You Need To Do
    Step 1 — Print or Fill the Form Digitally
    The form usually asks for:
    Your name
    CSCS number
    CHN
    Number of shares you want
    Bank/payment details
    Signature
    Step 2 — Tick the Appropriate Boxes
    Normally there are boxes like:
    Accept full rights
    Accept part of rights
    Apply for additional shares
    Renounce rights
    Most shareholders simply: ✅ tick “Accept Full Rights”
    unless they want more or fewer shares.
    Step 3 — Sign the Form
    You can:
    sign physically after printing, OR
    use a digital signature/PDF signing app.
    Apps like:
    Adobe Fill & Sign
    Xodo PDF
    WPS Office
    can do this on Android.
    Step 4 — Submit Through Bamboo Support
    This is the most important part.
    Even if there is no upload button inside the app, brokers usually handle these manually through customer support.
    You should immediately contact:
    Bamboo in-app support
    Their email support
    and ask:
    “How do I submit my completed Dangote Sugar Rights Issue form and payment evidence?”
    Usually they will request:
    completed form,
    proof of payment,
    and may process it internally through their brokerage partner.
    Step 5 — Payment
    Rights issues are NOT usually deducted automatically from your wallet.
    You often must:
    transfer the money,
    or fund your brokerage balance,
    then submit proof.
    Do not assume Bamboo will automatically debit your account.
    Very Important
    There is always a deadline.
    The current Dangote Sugar rights issue reportedly closes around late June 2026
    If you delay too much:
    you may lose the right,
    and unused shares may be offered to other investors.
    What If You Do Nothing?
    If you ignore the offer:
    you keep your existing shares,
    but your ownership percentage becomes diluted,
    because new shares are being created.
    That is why many investors participate.
    Important Advice Before You Proceed
    Check:
    how many shares you currently own,
    how much the total payment will cost,
    whether you truly want more exposure to Dangote Sugar.
    Do not buy simply because it is “discounted.”
    Rights issues can be good opportunities, but they also happen because companies want fresh capital.
    In Dangote Sugar’s case, the funds are reportedly for:
    expansion,
    debt reduction,
    and operational strengthening.
    What You Should Do Immediately
    Open the email again
    Download the form
    Fill and sign it
    Contact Bamboo support TODAY
    Ask specifically:
    where to submit,
    how to pay,
    and whether Bamboo handles the process directly.
    You are not losing the privilege yet — but rights issues are time-sensitive, so act early.

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    • Allison Ayodele
      Allison Ayodele
      2026-05-29T19:04:03+00:00Replied to answer on May 29, 2026 at 7:04 pm

      Thank you I'll give a feed back.

      Thank you I’ll give a feed back.

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