Guinness Nigeria treasury head acquires 10,000 shares

Guinness Nigeria Plc. Photo: Guinness

Guinness Nigeria Plc has officially announced an insider share acquisition by its Head of Treasury, Mr Ankush Taneja, following a regulatory notification filed from its corporate headquarters in Ikeja, Lagos.

The initial notification, issued on Tuesday, details a transaction involving ordinary shares listed under the stock identification code NGGUINNESS07.

According to the regulatory disclosure signed by the company, Taneja acquired a total volume of 10,000 ordinary units of the company’s stock at an aggregated price of N346.50 per unit, with the transaction successfully executed on the floor of the Nigerian Exchange in Lagos on September 11, 2026.

The corporate disclosure explicitly confirms the leadership position held by the executive, stating that the transaction involves the “Position/status Head of Treasury (Tolaram/Guinness Nigeria Plc)”.

The official filing was submitted under the oversight of Company Secretary, Abimbola Ajibola-Jimoh, to ensure full compliance with insider dealing regulations on the local bourse.

The strategic acquisition comes under the broader operational leadership of the Managing Director, Girish Sharma, and the Chairman, Prof. Fabian Ajogwu, SAN, signalling continued internal executive confidence in the firm’s equity following Tolaram Group’s majority ownership structure.

The transaction highlights growing internal alignment following a strong financial rebound for the brewer. In its recent financial performance for the half-year ended June 30, 2026, Guinness Nigeria reported an 11.8 per cent expansion in revenue to N265.04bn, alongside a 53.2 per cent surge in profit after tax to N25.30bn.

The company also successfully eliminated its retained earnings deficit to restore equity to N64.25bn, driven by improved capital efficiency and localised sourcing strategies. Market analysts view executive stock purchases of this nature as a signal of internal confidence in the company’s balance sheet recovery and long-term earnings potential.