Guinness’ MD’s to embark upon first official outing to the Nigerian Stock Exchange (NSE)
The recently appointed Managing Director of Guinness Nigeria Plc., a prime player in the brewery industry in Nigeria, Mr. John O’Keeffe, will on Tuesday 24th March 2015 lead his Executive Team and other officials of the company to the prestigious Nigerian Stock Exchange, where he is expected to conduct the closing gong ceremony.
The gong closing ceremony is an event that is used to signify the end of the day’s trading activities at Stock Exchanges across the globe and an invitation to beat the gong is considered by many to be an honour and an acknowledgement of a corporate’s market standing and achievement.
Mr. O’ Keeffe has remarked on the importance of the occasion, “Guinness Nigeria has been invited to beat the gong to signify the close of the day’s trade and we are pleased that the Nigerian Stock Exchange (NSE) has deemed it fit to honour us in such a manner”.
“Guinness Nigeria has been listed of the Nigerian stock Exchange since 1965 and we are the 7th largest company by market capitalization on the exchange. We are aware of the history that we have in this country and we are committed to implementing our strategic plans to grow within the market as signaled by major investments that we have made in areas of capacity expansion amongst others,” he added.
Guinness Nigeria was established in 1950 and listed on the Nigerian Stock Exchange in 1965 and has such popular brands like Guinness Foreign Extra Stout, Guinness Extra Smooth, Harp Lager, Malta Guinness and Malta Guinness Low Sugar, Smirnoff Ice, Snapp, Dubic lager and Orijin under its belt.
The NSE, a registered company limited by guarantee, was founded in 1960 and it is licensed under the Investments and Securities Act (ISA) and regulated by the Securities and Exchange Commission (SEC). The Nigerian Stock Exchange is committed to adopting and encouraging the highest levels of international standards.