N Seven Nigeria Limited has officially notified the investing public of its takeover offer for up to 481,362,887 ordinary shares in Guinness Nigeria Plc, priced at N81.60 per share.
In a regulatory filing with the Nigerian Exchange Limited (NGX), Guinness Nigeria Plc confirmed that the Takeover Offer document, dated March 14, 2025, has been sent to all qualifying shareholders who held shares as of the Qualification Date—February 20, 2025.
The statement further advised shareholders who have not received the offer document by March 7, 2025, to contact Veritas Registrars Limited via their Victoria Island office, phone (+234 201 278 4169), or email (GuinnessMTO2025@veritasregistrars.com).
Additionally, investors who purchased Guinness Nigeria shares after the Qualification Date and wish to participate in the Takeover Offer can access the offer document on the websites of NGX, Guinness Nigeria, Veritas Registrars, and Stanbic IBTC Capital Limited.
The takeover bid is expected to impact the ownership structure of Guinness Nigeria Plc, prompting market analysts to closely monitor investor responses and its potential effect on the company’s future operations.
Qualifying Shareholders who wish to tender some or all of their ordinary shares should complete the Acceptance Form following the instructions printed thereon.
The completed Acceptance Form which should be stamped and signed by the Qualifying Shareholder’s stockbroker together with their statement of CSCS account may be delivered by post/mail or courier, via e-mail at GuinnessMTO2025@veritasregistrars.com or by hand to Veritas Registrars at Plot 89A AjoseAdeogun Street, Victoria Island, Lagos or 40 Aba Road, Port Harcourt or 63 Usuma Street, Maitama FCT, Abuja, to be received by no later than 5:00 pm on Friday, 04 April 2025.
Qualifying Shareholders who hold ordinary shares in certificated form and wish to tender some or all of their ordinary shares are required to dematerialise their shares via their stockbroker to be eligible to participate in the Take-over Offer.