The acceptance for the Take-Over-Offer to the shareholders of Champion Breweries Plc which opened on January 10, 2022 will close on 31.
Champion Breweries Plc in a new notification to shareholders published on the Nigerian Exchange on Tuesday reiterated the closing date for the offer.
The Chairman of Champion Breweries Plc, Dr Elijah Akpan had in October 2021 informed the Nigerian Exchange Limited and the Investing public of a proposed mandatory take-over of the company by The Raysun Nigeria Limited.
The proposed mandatory takeover involves the acquisition of up to 1,196,766,164 ordinary shares of Champions Breweries Plc from the company’s shareholders at N2.60 per share.
Qualifying shareholders who wish to tender some or all of the ordinary shares should complete the Acceptance Form. “The completed Acceptance Form, which should be stamped and signed by the Qualifying Shareholder’s stockbroker together with their statement of CSCS account, should be submitted to Africa Prudential Plc at 220 B, Ikorodu Road, Palmgrove, Lagos, so as to be received by no later than 5:00 pm on 31 January 2022,” according to the document
The document titled “Actions to be taken by Shareholders of Champion Breweries Plc who wish to accept the Offer” read “The Take-Over Offer document has been sent directly to Qualifying Shareholders (i.e. shareholders of Champion Breweries Plc (“Champion Breweries”) as at the Qualification Date of 31 December 2021. Qualifying Shareholders will receive the Take-Over Offer Document incorporating an Acceptance Form for use in connection with the Offer.
“However, Qualifying Shareholders who are yet to receive the Take-Over Offer document by 31 December 2021 are advised to contact Africa Prudential Plc at 220 B, Ikorodu Road, Palmgrove, Lagos or by Telephone on +234 702 374 7783 or by email at cxc@africaprudential.com.
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“Qualifying Shareholders who wish to tender some or all of the ordinary shares should complete the Acceptance Form in accordance with the instructions printed thereon. The completed Acceptance Form, which should be stamped and signed by the Qualifying Shareholder’s stockbroker together with their statement of CSCS account, should be submitted to Africa Prudential Plc at 220 B, Ikorodu Road, Palmgrove, Lagos, so as to be received by no later than 5:00 pm on 31 January 2022.
“Qualifying Shareholders who hold ordinary shares in certificated form and wish to tender some or all of the ordinary shares are required to dematerialise their shares via their stockbroker in order to participate in the Take-Over Offer.
“Recipients of the Take-Over Offer Document who have sold or otherwise transferred all their shares in Champion Breweries Plc, should please forward this document to the purchaser, or agent through whom the shares were sold, for transmission to the purchaser.”
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
