Affelka Adjusts 7-UP Plc Share Offer

Affelka SA, the majority shareholder in 7-UP Plc, updated its share offer to N125 per share following a notice to the Nigerian Stock Exchange. This revised price reflects a 22.6% premium over the January 9, 2018 share price.

The company initially proposed purchasing 71,542,574 ordinary shares at N112.70 per share, representing 26.78% of its issued capital.

7-UP Plc traces its origins to 1959 when Mohammed El-Khalil established it as Seven‐Up Limited under Nigerian law.

The company transitioned to Seven‐Up Bottling Company Limited in 1960 and later became a public entity in 1978 after listing on the Nigerian Stock Exchange in 1986.

Its current name, Seven‐Up Bottling Company PLC, was formalized in 1991 under the Companies and Allied Matters Act 1990.

The company produces beverages including 7-UP, Mirinda, Pepsi, Teem, Mountain Dew, and Aquafina Water.