Nigerian Breweries Closing Gong Ceremony At The NSE

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 L – R: Tinuade Awe, Executive Director, Regulation, The Nigerian Stock Exchange (NSE) presenting a replica of the closing gong to Mr. Jordi Borrut Bel,  Managing Director/CEO, Nigerian Breweries Plc during a Closing Gong Ceremony at The Exchange today.

L – R: Mr. Uaboi Agbebaku, Esq, Company Secretary/Legal Adviser, Nigerian Breweries Plc; Mr. Kufre Ekanem, Corporate Affairs Adviser, Nigerian Breweries Plc; Tinuade Awe, Executive Director, Regulation, The Nigerian Stock Exchange (NSE); Mr. Jordi Borrut Bel,  Managing Director/CEO, Nigerian Breweries Plc; Mrs. Grace Omo-Lamai, Human Resource Director, Nigerian Breweries Plc; Mr. Franco Maria Maggi, Marketing Director, Nigerian Breweries Plc and Tony Ibeziako, Ag. Head,  Listing Business Division, NSE during a Closing Gong Ceremony at The Exchange today.

 

About Nigerian Breweries Plc:

We are proudly Nigeria’s pioneer and largest Brewing firm. Our company was incorporated in 1946 and in June 1949, we recorded a landmark when the first bottle of STAR lager beer rolled off our Lagos Brewery bottling lines. This first brewery in Lagos has undergone several optimization processes and as at today boasts of one of the most modern brew house in the country.

In 1957, we commissioned our second brewery in Aba. The Aba Brewery has also recently undergone several optimization processes and has been fitted with best in brewery technology. In 1963 we commissioned our Kaduna Brewery while Ibadan Brewery came on stream in 1982. In 1993, we acquired our fifth brewery in Enugu. A sixth brewery, sited at Ama-eke in 9th Mile, Enugu was commissioned and christened Ama Brewery in October 2003. Ama Brewery is today the biggest and most modern brewery in Nigeria.

With about 111,462 shareholders as at 31st December, 2017, the authorised share capital of the Company is N5 billion, divided into 10 billion Ordinary Shares of 50 kobo each. The issued and fully paid up share capital as at 31 st December, 2017 stood at 7,996,902,051 Ordinary Shares of 50 kobo each. As at 31 st December, 2017, Heineken N.V had a majority shareholding of 55.95% while 44.05% is held by Nigerian and foreign individuals and associations.

The Board of Directors of the Company will recommend to Shareholders at the forthcoming Annual General Meeting, the declaration of a total dividend of N33,027,205,471 (thirty-three billion, twenty-seven million, two hundred and five thousand, four hundred and seventy-one naira), that is N4.13 (four naira thirteen kobo) per ordinary share of 50 kobo each. The Company has earlier paid an interim dividend of N7,996,902,051 (seven billion, nine hundred and ninety-six million, nine hundred and two thousand and fifty-one naira) that is, N1.00 (one naira) per share. Thus, the final dividend will be N25,030,303,420 (twenty five billion, thirty million, three hundred and three thousand, four hundred and twenty naira) that is, N3.13 per share. If the proposed final dividend is approved, it will be subject to deduction of withholding tax at the appropriate rate and the dividend will become payable on the 23rd of April, 2018, to all shareholders whose names appear on the Company’s Register of Members as at the close of business on the 6 th of March, 2018.

Thus, from that humble beginning in 1946, our company has now grown into a Brewing Company with 11 breweries, 2 malting plants and 26 Sales depots from which our high quality products are distributed to all parts of Nigeria.

Nigerian Breweries Plc has a growing export business which covers global sales and marketing of our brands and dates back to 1986. NB Plc offers sales, logistics and marketing support to make our brands shelf-ready in international markets, including world-class outlets such as TESCO and ASDA Stores in the United Kingdom. Our brands are available in over thirteen countries, across the United Kingdom, South Africa, Middle-East, West Africa and the United States of America.

 

 

 


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