Guinness Nigeria Plc has confirmed its continued status as a publicly listed entity on the Nigerian Exchange following the launch of a Mandatory Takeover Offer (MTO) by N Seven Nigeria Limited (a member of the Tolaram Group).
The offer, which involves up to 481,362,887 ordinary shares at N81.60 per share, is a standard regulatory process in line with the Investment and Securities Act and Securities and Exchange Commission (SEC) regulations governing mergers, acquisitions, and takeovers.
As part of the regulatory process, the acceptance period for the MTO will open on March 14, 2025, and close on April 4, 2025, giving qualifying shareholders the opportunity to consider and respond. Shareholders who have not received the offer document by March 7, 2025, can obtain a copy from Veritas Registrars Limited or access it via the Guinness Nigeria website.