Please be informed that Guinness Nigeria Plc’s (GUINNESS) Rights Issue, opened on 24 July, 2017, and will close on Wednesday, 30 August 2017. The Rights Issue is being undertaken to enable GUINNESS optimize its capital structure by repaying its various outstanding loan obligations, thereby reducing financing costs.
Details of the Rights:
Being Issued – 684,494,631 Ordinary Shares of 50 kobo each
Rights Price – N58.00 per share
Gross Issue Proceeds – N39,700,688,598
Provisional Allotment – 5 new Ordinary Shares for every 11 Ordinary Shares of 50 kobo each held as at the close of business on 15 March 2017
kindly note that;
(1) the Rights is offered at 31.4% discount to the stock’s current market price of N84.50, and
(2) the theoretical market price of the stock after the Rights is estimated at N76.22.
Shareholders who do not wish to take up their Rights should take a cue from the wide upside potential in trading their Rights to interested investors.
How to Participate in the Rights:
(1 ) For existing qualified shareholders
-Complete the rights issue form indicating full acceptance, partial acceptance or requesting additional rights
– Make payment for the total rights taken (either cheque or bank transfer) either directly to the Registrars or preferably through us, your stockbroker.
-Submit the completed the rights issue form and all evidence(s) of payments to us – the receiving agent, for onward submission
(2) For potential investors
-Complete share transfer form
– Make payments for agreed traded rights
-Submit transfer form and evidence of payment to receiving agents
For more enquiries, please contact us on
Tel: +23414539639, (0) 803 374 0045, (0) 703 447 5033, (0) 701 225 8148.
Email: customerservice@globalviewng.com