11th June 2025
11th June 2025 Lagos, Nigeria MATERIAL DISCLOSURE BY DANGOTE SUGAR REFINERY PLC - ANNOUNCEMENT OF RETIREMENT OF NON-EXECUTIVE DIRECTORS FROM THE BOARD
The Board of Directors of Dangote Sugar Refinery Plc (the Company) hereby notifies the Nigerian Exchange Limited (NGX) and the investing public of the retirement of two (2) Non-Executive Directors from its Board, Ms. Maryam Bashir and Prof. Konyinsola Ajayi SAN.
Both Directors will retire from the Board effective 16th June, 2025 having diligently served the Company with integrity, professionalism, and commitment to the growth of the Company and its corporate governance throughout their tenure.
Ms. Maryam Bashir is a strong achiever with broad experience in finance and investments with particular focus on strategy, business development and bottom-line enhancement. She was for a period the Chairperson of the Board Risk Management & Assurance Committee and the Board's representative on the Statutory Audit Committee and has contributed immensely to the expansion of the Backward Integration Projects.
Prof. Konyinsola Ajayi, SAN is a legal luminary and trusted Advisor in the fields of Energy & Natural Resources, Infrastructure & Power, Banking & Capital Markets, Privatization, Project Finance, Litigation and Arbitration. He was for a period the Chairman of the Board Governance Committee and has over the years provided guidance to the Board on major transactions.
The Board of Directors of Dangote Sugar Refinery Plc. expresses its sincere appreciation to Ms. Bashir and Prof. Ajayi, SAN for their invaluable contributions to the growth and strategic direction of the Company and wishes them continued success in their future endeavours.
BY THE ORDER OF THE BOARD Mrs. Temitope Hassan (FCIS.) Company Secretary/Legal Adviser