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.
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.
We give ourselves the freedom to succeed – we trust each other, we are open and seek challenge, and we respond quickly to the opportunities this creates.
We are proud of what we do and how we do it – we behave responsibly with the highest standards of integrity.
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.