Guinness Nigeria Plc has confirmed its intention to remain listed on the Nigerian Exchange Limited (NGX) despite the ongoing Mandatory Takeover Offer (MTO) by N Seven Nigeria Limited, a subsidiary of the Tolaram Group. The company assures stakeholders that the acquisition will not result in delisting from the NGX.
The MTO, initiated on March 14, 2025, allows qualifying shareholders to tender their shares at a price of ₦81.60 per share. The acceptance period for this offer is scheduled to close on April 4, 2025.
Managing Director Girish Sharma emphasized that Guinness Nigeria remains committed to its legacy of excellence, innovation, and market leadership. The company plans to continue meeting its free float requirements, ensuring that the public retains access to its shares on the NGX.
While there have been speculations regarding a potential delisting following the takeover, Guinness Nigeria has reiterated its commitment to maintaining its public listing. The company encourages shareholders to make informed decisions during the MTO acceptance period.
Guinness Nigeria's decision to remain listed post-takeover reflects its dedication to transparency and shareholder value, ensuring continued public participation in its growth trajectory.