Movement of Deal Closure Date on GLAXOSMITH Divestment of Drinks Bottling & Distribution Business

Proshare

Tuesday, August 30, 2016 11:45am /NSE
We refer to our previous communications on the divestment of GlaxoSmithKline Consumer Nigeria Plc Drinks Bottling & Distribution Business to Suntory Beverage & Food Nigeria Limited.

This is to inform the Exchange that the completion date for the transaction earlier scheduled for 31st August 2016 has now been moved to 30th September 2016 to enable both parties to comply with the terms of the Asset Purchase Agreement entered into on 31st May 2016. No further delay is anticipated and both parties will continue to work diligently together to conclude the transaction.

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

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

We would like to thank the Exchange for its continued support on the transaction. 

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