7up Bottling Company Plc- Proposed Acquisition

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Seven-up Bottling Company Plc (“SBC” or “7-UP”) notifies the Nigerian Stock Exchange that the Board of 7-UP has received an offer from Affelka S.A to acquire all outstanding and issued shares of SBC that are not currently owned by Affelka.

Affelka currently own 73.22% of the Shares outstanding and its offering N112.70 for the balance which is currently being held by 31,214 shareholders that cut across retail and HNI investors.

Is 7-UP going the way of Nigerian Bottling Company? If the acquisition is finally crystallized 7-up would have triggered its own automatic delisting because of the regulatory post listing float requirement.

Is the Exchange failing to meet the demands of the Carbonated drinks companies? I belief we all need to look at all these together.

The Market will continue to weigh it options as regards this 7-Up acquisition news.

The stock closed at N97.12k on 30th November 2017.

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