NSE lists International Breweries 18.266bn shares

International Breweries

The Nigerian Stock Exchange (NSE) has listed the International Breweries Plc’s Rights Issue of 18.266billion Ordinary Shares of 50 kobo each at N9 per share.

With this listing of the additional 18.266billion ordinary shares, the total issued and fully paid up shares of International Breweries Plc has now increased from 8.595billion to 26.862billion ordinary shares of 50 kobo each.

The additional shares listed on The Exchange arose from International Breweries’ Rights Issue which was on the basis of 17 new ordinary shares for every 8 ordinary shares held as at November 6, 2019.

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The shares were listed on the Daily Official List of The Nigerian Stock Exchange on Friday February 7, 2020.

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with over 18 years journalism experience writing on banking, finance and capital markets. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA).

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