WorldStage– Majority shareholder N Seven Nigeria Limited (a subsidiary vehicle of Tolaram Group) has expanded its equity stake in Guinness Nigeria Plc, acquiring 550,092 ordinary shares in an open-market transaction valued at approximately ₦202.1 million.
According to an insider share dealing notification filed with the Nigerian Exchange (NGX), the acquisitions were executed on August 28, 2026, across multiple tranches at prices ranging between ₦356.40 and ₦384.80 per share, achieving a volume-weighted average price of ₦367.40 per share.
Key Highlights of the Disclosure:
Insider Entity: N Seven Nigeria Limited (Majority Shareholder).Volume Acquired: 550,092 ordinary shares.Transaction Consideration: ₦202,103,799.20.
Execution Location: Nigerian Exchange (NGX) open market.
The open-market share accumulation signals continued long-term investor confidence from Tolaram following its takeover move, reinforcing its operational and financial commitment to the brewer’s ongoing corporate turnaround.
