A statement from the Corporate Communications Manager in Lagos on Monday said the company would seek shareholders’ approval for its planned Rights Issue at the meeting
Browsing: Guinness Nigeria Plc
Guinness Nigeria Plc believes the rights issue will allow the company to optimize its balance sheet improving its financial and operational flexibility
Peach said: “This is a great achievement moment for us and I feel proud to accept this award on behalf of the management and staff of Guinness Nigeria
The transaction is expected to be concluded by December 31, 2015 and the new distribution agreement for the IPS brands will become effective on January 1, 2016, subject to receiving all regulatory approvals
NAFDAC imposed N1 billion fine on Guinness over alleged usage of expired raw materials in the company’s production lines
In a letter addressed to the Managing Director of Guinness Nigeria Plc, Peter Ndegwa, by the Head, Investigation and Enforcement of NAFDAC, Kingsley Ejiofor, the regulatory agency requested for the payment of the N1 billion as administrative charges for infractions such as the destruction activities carried out by the company without the authorisation and supervision of the agency
Commenting on the results, Peter Ndegwa, the company’s Managing Director/Chief Executive Officer, stated: “In the period under review, sales continued to grow despite a challenging trading environment, being 3% ahead of the same quarter last year