{"id":11574,"date":"2017-03-16T20:38:31","date_gmt":"2017-03-16T19:38:31","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=11574"},"modified":"2017-03-16T20:38:31","modified_gmt":"2017-03-16T19:38:31","slug":"guinness-nigeria-offers-5-for-11-shares-in-n39-7-bn-rights-issue","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/guinness-nigeria-offers-5-for-11-shares-in-n39-7-bn-rights-issue\/","title":{"rendered":"Guinness Nigeria offers 5 for 11 shares in N39.7 bn Rights Issue"},"content":{"rendered":"

Guinness Nigeria Plc would be raising N39.7 billion in new equity funds
\nfrom shareholders in the book of the company as at the close of business
\nyesterday. Details shows that the board of directors of Guinness Nigeria,
\nthrough its stockbroker, Stanbic IBTC Stockbrokers Limited, filed
\napplication for regulatory approval for the supplementary new issue.<\/p>\n

According to the regulatory filing, Guinness Nigeria will be offering
\n684.495 million ordinary shares of 50 kobo each to shareholders at a
\ndiscounted price of N58 per share.<\/p>\n

The rights’ shares will be pre-allotted
\non the basis of five new ordinary shares for every 11 ordinary shares held as at March 15, 2017.<\/p>

\r\n
Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

The rights’ issue price of N58 per share represents a discount of 17 per
\ncent from Guinness Nigeria’s last traded price of N70 per share on
\nWednesday at the Nigerian Stock Exchange (NSE).<\/p>\n","protected":false},"excerpt":{"rendered":"

Guinness Nigeria Plc would be raising N39.7 billion in new equity funds from shareholders in the book of the company as at the close of business yesterday. Details shows that the board of directors of Guinness Nigeria, through its stockbroker, Stanbic IBTC Stockbrokers Limited, filed application for regulatory approval for the supplementary new issue. According …<\/p>\n","protected":false},"author":11,"featured_media":10528,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[17],"tags":[1570],"coauthors":[2392,2393],"class_list":["post-11574","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news","tag-guinness-nigeria"],"yoast_head":"\nGuinness Nigeria offers 5 for 11 shares in N39.7 bn Rights Issue - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/guinness-nigeria-offers-5-for-11-shares-in-n39-7-bn-rights-issue\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Guinness Nigeria offers 5 for 11 shares in N39.7 bn Rights Issue - National Wire\" \/>\n<meta property=\"og:description\" content=\"Guinness Nigeria Plc would be raising N39.7 billion in new equity funds from shareholders in the book of the company as at the close of business yesterday. Details shows that the board of directors of Guinness Nigeria, through its stockbroker, Stanbic IBTC Stockbrokers Limited, filed application for regulatory approval for the supplementary new issue. 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