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Guinness Nigeria Plc is to hold an Extraordinary General Meeting (EGM) on January 24, 2017to secure Shareholders approval for a rights issue.
In a statement, the company explained that it believed that the rights issue would allow the company to optimise its balance sheet, while improving its financial and operational flexibility.
If approved at the EGM, the company is expected to raise N40billion, if fully subscribed.
The rights issue is however, subject to the approval of the relevant regulatory authorities.
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