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Nigerian Breweries Plc To Appeal The Edo State High Court Judgment of December 12th 2018

Stock & Analyst Updates	4551 VIEWS
Stock & Analyst Updates
4551 VIEWS

Tuesday, December 18, 2018 10:48AM / NSE

Nigerian Breweries Plc (“the Company”), hereby confirms that an Edo State High Court (“the Court”) sitting in Benin City on the 12th of December, 2018 gave judgment against the Company in a suit filed by one Professor Ernest Izevbigie (“the Plaintiff’).

The said judgment was to the effect that the Company should apologize to the Plaintiff for what the Court described as “a trade trick” for the low sugar inscription on the label of one of the Company’s brands, Amstel Malta. The Company hereby states that it intends to appeal against the said judgment.

The Company wishes to state that the inscription on the Amstel Malta label was not a trade trick and that as a Company committed to compliance with all laws and regulations guiding its operations, it sought and obtained all the necessary regulatory approvals prior to the deployment of the said label on the Amstel Malta brand.

Nigerian Breweries Plc remains a responsible corporate citizen with credible and verifiable operational standards and has never engaged in any practice that will mislead or deceive its consumers and the general public. Indeed, the Court stated in the judgment that the inscription on the label is not misleading and that the sugar content of the product is within the regulatory range.

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