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Stock & Analyst Updates | |
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Monday, March 18, 2019
06:23PM / NSE
The attention of Nigerian Breweries Plc, (“the
Company’), has been drawn to a recent publication in the media on the above
subject. The Company hereby confirms that it is defending an action filed
against it and its former Managing Director/Chief Executive Officer, Mr. Johan
A. Doyer, by the Nigerian Copyright Commission. The criminal action is pending
at the Federal High Court, Abuja.
The said action is not new as it was actually instituted
in October, 2017, based on a complaint by one Mr. Paul Allen Oche, who is
laying a claim to the copyright supposedly contained in a book he “wrote” and
which book has, as part of its title, the Amstel Malta trademark which is well
known as one of the brands in the Company's portfolio.
The said Mr. Oche has subsequently filed a personal
action with respect to the same issue, at the same Court claiming damages
against the Company and others. The Company also confirms that it will be
defending the action with a view to protecting its legal rights as well as
upholding its reputation.
As a law abiding corporate citizen, we restate our
respect for the laws of the Federal Republic of Nigeria and our commitment to
seeing each court action through to its logical conclusion.
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