MTO Acceptance Period Set for March 14, 2025, with No Effect on Listing Status
The acceptance window for the MTO is scheduled from March 14, 2025, to April 4, 2025, allowing eligible shareholders to evaluate and respond to the offer. Shareholders who do not receive the Offer Document by March 7, 2025, can request a copy from Veritas Registrars Limited or find it on the Guinness Nigeria website. The company has assured stakeholders that the MTO will not lead to a delisting from the Nigerian Exchange, as Guinness Nigeria is anticipated to continue fulfilling the free float requirements after the offer, enabling shareholders to trade their shares freely in the market.
Guinness Nigeria Affirms Commitment to Stability, Growth, and Stakeholder Engagement
Girish Sharma, Managing Director of Guinness Nigeria, highlighted the company's dedication to stability, transparency, and sustainable growth. “Guinness Nigeria has built a legacy of excellence spanning 75 years, and we remain focused on delivering quality, innovation, and value to all our stakeholders. The MTO is in line with regulatory provisions and does not affect our ability to operate as a market leader. We remain a publicly listed entity and will continue to uphold the highest standards of corporate governance, transparency, and value creation,” he remarked.
The company has responded to inquiries about corporate governance, board structure, and management organization, indicating that no significant changes are anticipated outside of standard governance practices. Employees have been reassured that the MTO will not affect their positions, job stability, or the overall operational framework of the company. Guinness Nigeria is dedicated to expanding its business, nurturing talent, and enhancing value for its teams.
Comprehensive Guidance for Shareholders and Stakeholders
To promote transparency and ease of understanding, Guinness Nigeria has created a comprehensive FAQ section on its website, which provides insights into the MTO process, shareholder rights, and the company’s status as a publicly listed entity. Shareholders who require further information or wish to engage in the MTO are invited to reach out to Veritas Registrars Limited.
With a legacy of resilience, innovation, and market leadership, Guinness Nigeria is well-positioned for future success, committed to providing value for stakeholders, preserving its heritage, and fostering growth within the Nigerian market.