• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Here are the results of the Guinness Nigeria rights issue

Onome Ohwovoriole by Onome Ohwovoriole
October 6, 2017
in Business News, Company News
Here are the results of the Guinness Nigeria rights issue
Share on FacebookShare on TwitterShare on Linkedin

Investors seem to be bullish on Guinness Nigeria as the company’s rights issue was over subscribed by 16%. Two shareholders applied for over 50 million shares. A total of 684,494,631 ordinary shares of 50 kobo each were offered to existing shareholders in the ratio of five new ordinary shares for every eleven ordinary shares held by shareholders whose names appeared on the register of members of the Company at the close of business on Wednesday, 15 March, 2017.

The shares were issued at N58. Stanbic IBTC Capital Limited was the issuing house to the offer which opened on Monday 24th July, 2017 and closed on Wednesday 30th August, 2017.

What will Guinness Nigeria will use the money for ?

RelatedStories

Guinness Nigeria Plc

Guinness Nigeria Posts N6.7 Billion Profit in Q3 FY25 as Revenue Climbs 72% 

April 25, 2025
Guinness Nigeria Plc

Guinness Nigeria Reaffirms Market Position and Public Listing Amid Mandatory Takeover Offer 

March 10, 2025

Proceeds from the rights issue will be used to pay down dollar denominated loans which it took from Diageo its parent company. Nigeria suffered an FX crisis last year, which lead the Central Bank of Nigeria (CBN) to tighten foreign exchange supply. A sharp depreciation of the Naira last year lead to Guinness making a full year loss of N1.8 billion in 2016.

Guinness Nigeria shares closed flat at N98.50 in Thursday’s trading session on the Nigerian Stock Exchange, up 18.60% year to date. Full year 2017 results show the company has bounced back to profit as it made a profit before tax of N2.6 billion, and declared a dividend of %0 kobo per share.

 

 


Follow us for Breaking News and Market Intelligence.
Tags: Guinness NigeriaRights Issues
Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

Related Posts

Guinness Nigeria Plc
Companies

Guinness Nigeria Posts N6.7 Billion Profit in Q3 FY25 as Revenue Climbs 72% 

April 25, 2025
Guinness Nigeria Plc
Companies

Guinness Nigeria Reaffirms Market Position and Public Listing Amid Mandatory Takeover Offer 

March 10, 2025
Guinness Nigeria Plc
Market Views

Guinness Nigeria’s turnaround: A sustainable recovery or just a lucky break? 

February 9, 2025
How Much Money Do You Need To Start Investing?
Digital Media

Transcorp Power, Aradel, Livestock feed, Guinness Post Massive Profits

February 4, 2025
CBN, forex
Bank Recapitalization

How Bank stocks have performed after their public offers and rights issues 

November 9, 2024
Guinness Nigeria Plc
Appointments

Tolaram consolidates hold on Guinness Nigeria with appointment of new Finance Director 

October 26, 2024
Next Post
Latest Treasury bills sale shows what smart money is up to

Latest Treasury bills sale shows what smart money is up to

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • IGP sues Abu Arome, 3 Ghanaians over alleged forgery of company shares allocation document
  • Nigeria’s oil rig count rises to 46 in July 2025 – NUPRC
  • Oyo State approves N7.7 billion for two surveillance aircraft to combat insecurity 

Follow us on social media:

Recent News

IGP prosecutes Nigerian businessmen over alleged N13.5 billion forex fraud dispute  

IGP sues Abu Arome, 3 Ghanaians over alleged forgery of company shares allocation document

July 9, 2025
Nigeria’s gas flare commercialisation programme could unlock $2.5 billion investment – NUPRC 

Nigeria’s oil rig count rises to 46 in July 2025 – NUPRC

July 9, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics