International Breweries Lists Additional 5.3b Shares on NSE After Merger

By Dipo Olowookere

Nigerian brewer, International Breweries Plc, has listed addition 5.3 billion ordinary shares on the local bourse.

A statement issued today by the Nigerian Stock Exchange (NSE) explained that the additional shares arose from the scheme of merger involving International Breweries Plc, Intafact Beverages Limited and Pabod Breweries Limited.

This listing has now increased the total number of shares of the firm to has now increased to 8.6 billion shares from 3.3 billion shares.

“Dealing members are hereby notified that 5,301,612,656 ordinary shares of International Breweries Plc (International Breweries) were today, December 14, 2017 listed on the daily official list of the NSE.

“The additional shares listed arose from the scheme of merger involving International Breweries Plc, Intafact Beverages Limited and Pabod Breweries Limited.

“With this listing of 5,301,612,656 ordinary shares, the total issued and fully paid up shares of International Breweries Plc has now increased from 3,294,249,280 to 8,595,861,936 ordinary shares,” the statement signed by Mr Godstime Iwenekhai, Head, Listings Regulation Department at NSE stated.