International Breweries Plc , a leading brewer and part of AB InBev, the largest brewer in the world, has announced the launch of its rights issue of 161,172,395,100 shares, providing a unique opportunity for shareholders and non-shareholders
The rights issue which opened on May 21, 2024, and closes on June 10, 2024, allows shareholders to enhance their ownership stake in IBPLC by subscribing to six new Ordinary Shares for every one existing share held, at an issue price of N3.65 per share. “We are committed to creating sustainable value for our shareholders while fortifying our position in the Nigerian beverage industry. Together we will continue to brew success, deliver long-term value for our shareholders, and create a future with more cheers,” said David Tomlinson, Finance Director of International Breweries Plc.
This offering follows the approval received during an Extra-Ordinary General Meeting on February 12, 2024, where shareholders expressed anticipation for the commencement of the rights issue to support IBPLC’s growth aspirations.Before flagging, please keep in mind that Disqus does not moderate communities. Your username will be shown to the moderator, so you should only flag this comment for one of the reasons listed above.
Dairy farmers in Kano have experienced improved productivity across value chain and fewer conflicts between herders and farmers through partnering with Outspan Nigeria. Major Energies Marketers Association of Nigeria has described ethanol blended into biofuel as a transformative energy source with the potential to shape Nigeria’s energy landscape and pave the way for a sustainable and economically robust future.
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