With an additional listing of 145,075,002 units shares arising from 2021 scrip dividend election scheme, Nigerian Breweries Plc has crossed N450 billion in in market capitalisation.
The company had proposed for shareholders’ approval, the Share for Cash Dividend Election Scheme; a scheme that will allow shareholders to convert final cash dividends to new ordinary shares. “The additional shares listed on NGX arose from Nigerian Breweries’ Scrip Dividend Election Scheme. With this listing of the additional 145,074,002 ordinary shares, the total issued and fully paid up shares of Nigerian Breweries Plc has now increased from 8,075,831,900 to 8,220,905,902 ordinary shares of 50 kobo each.”
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