GSK extends Suntory divestments transaction to September 30, 2016


GlaxoSmithKline Consumer Nigeria Plc has extended the completion date for the divestment transaction of its drinks bottling and distribution business to Suntory Beverages and Foods Nigeria Limited earlier scheduled for August 31, 2016 to September 30, 2016 to enable both parties to comply with the terms of the Asset Purchase Agreement entered into on May 31, 2016.

According to a statement from the company, no further delay is anticipated and both parties will continue to work diligently together to conclude the transactions.

In view of the above development, the register of Members and Register of Transfers of the Company would be closed from Tuesday October 4th 2016 to Friday October 7th 2016, both days inclusive.

Subject to the receipt of the consideration and completion of the deal on September 30, 2016, dividend warrants for the special dividend declared by the company at its Extraordinary General Meeting of July 4th, 2016 would be posted on October 12th 2016 to holders of shares whose name appears in the Register of Members at close of business on September 30th 2016.

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