Nigerian Breweries Plc proposes new ordinary shares option instead of dividend

Nigerian Breweries Plc has notified the Nigerian Exchange and the investing public of its proposed new ordinary shares instead of dividend in cash.

In a notification about the company’s Annual General Meeting (AGM), the Company stated thus:

The Directors of Nigerian Breweries have proposed for shareholders’ approval at the AGM, a scheme that would give interested shareholders the option to elect to receive new ordinary shares in the company instead of the final dividend in cash.

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