Evidence library — Guinness Nigeria Plc

Guinness Nigeria Plc corporate-action announcement via the Nigerian Exchange (Lagos, 11 June 2024) stating that Tolaram will acquire Diageo PLC's 58.02% shareholding in Guinness Nigeria, that Tolaram intends to launch a mandatory takeover offer subject to regulatory approval, that Diageo retains ownership of the Guinness brand under long-term licence and royalty agreements, and that Guinness Nigeria 'will remain listed on the Nigerian Exchange Ltd' (RC 771).

Relevance: Primary company announcement establishing the change of majority ownership and continued NGX listing.

Outcome of Guinness Nigeria Plc's 72nd Annual General Meeting (25 October 2022; published 27 October 2022), recording RC 771, audited financial statements for the year ended 30 June 2022, a dividend of N7.14 per 50k share, director re-elections and an amended share capital of N1,095,191,409.50 (2,190,382,819 ordinary shares of N0.50).

Relevance: Primary exchange filing establishing legal identity, registration number and governance.

Nairametrics reported (1 October 2024) that Tolaram's acquisition of Diageo's 58.02% stake completed effective 30 September 2024 and that board changes took effect, including Girish Sharma as Managing Director/CEO (succeeding Adebayo Alli) and Haresh Aswani as Vice Chair.

Relevance: Independent reporting on completion and board changes; attributed, not treated as confirmed fact.

Nairametrics reported (26 July 2024) Guinness Nigeria's results for the year ended 30 June 2024: revenue of about N299.5 billion (up ~30%), a pre-tax loss of about N73.6 billion and a loss after tax of about N54.8 billion, attributed largely to naira devaluation and a N112.3 billion FX revaluation loss.

Relevance: Independent reporting on FY2024 financial performance; figures attributed to the outlet.