Guinness Nigeria Plc. Photo: Guinness
Major shareholder N Seven Nigeria Limited has expanded its equity stake in Guinness Nigeria Plc after acquiring 550,092 ordinary shares in an open-market transaction executed on the Nigerian Exchange Limited.
According to an official regulatory filing released on the bourse, the transactions were carried out across multiple price tranches ranging between N356.40 and N384.80 per share. The total deal resulted in an aggregated volume-weighted average price of N367.40 per share.
The acquisition underscores ongoing activity by key insiders to consolidate equity positions in the prominent brewing entity.
Details from the notification indicate that the transactions involved varying lot sizes, with the smallest single transaction block comprising five units executed at N359 per share, while the largest single tranche accounted for 498,973 units purchased at N384.80 per share.
