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19 SEP 2018

19 SEP 2018 Press release

Guinness Nigeria Announces EGM to Approve Rights Issue

Guinness Nigeria Plc has announced its intention to hold an Extraordinary General Meeting (EGM) of its shareholders to approve resolutions for a rights issue. The EGM is scheduled for 24th January 2017 in Lagos.

Guinness Nigeria Plc believes the rights issue will allow the company to optimize its balance sheet improving its financial and operational flexibility.

If approved at the EGM, full details of the rights issue which is expected to raise up to N40 billion if fully subscribed, will be issued prior to the launch.

The rights issue is subject to the approval of the relevant regulatory authorities.

ENDS

Enquiries

Headquarters

Guinness Nigeria
24, Oba Akran Avenue Ikeja, Lagos
Tel: 234 1 270 9100
Email: info.gn@diageo.com

 

We are passionate about our customers and consumers – our curiosity and consumer insights drive our growth. We cherish our brands; we are creative and courageous in pursuing their full potential. We are innovative, constantly searching for new ideas.

We value each other – we seek and benefit from diverse people and perspectives. We strive to create mutually fulfilling relationships and partnerships.

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We strive to be the best – we are always learning, always improving. We set high standards, we stretch to exceed them and we celebrate success.