INTBREW Shareholders Approve Proposed Rights Issue; Price Put At N9.00

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Thursday, October 16, 2019 / 11:16 AM / NSE / Header Image Credit: International Breweries

 

International Breweries Plc ("International Breweries" or "the Company") hereby notifies The Nigerian Stock Exchange that the Shareholders of the Company at the General Meeting held on 15 October, 2019 approved the Rights Issue as proposed by the Board of Directors and authorized the Board to take all steps required to give effect to the Resolutions as approved.

Following this approval, the Board of Directors discussed the forthcoming Rights Issue and the proposed terms thereof and approved a Rights Issue price of N9.00 per share.

Further details on the Rights Issue will be provided in due course.


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