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SIBTCH, International Breweries boost outstanding shares

The International Breweries Nigeria Plc have joined the club of companies with outstanding share volumes in excess of five billion, with recent registration of additional 5,301,612,656 ordinary shares on the official list on the Nigerian Stock Exchange (NSE).

According to the NSE, the additional shares listed arose from the Scheme of Merger involving International Breweries Plc, Intafact Beverages Limited and Pabod Breweries Limited. With this listing of 5,301,612,656 ordinary shares, the total issued and fully paid up shares of International Breweries Plc has now increased from 3,294,249,280 to 8,595,861,936 ordinary shares.

Meanwhile, Stanbic Ibtc Holdings Plc during the week listed additional volume of 49,465,731 ordinary shares of 50k each of Stanbic IBTC Holdings Plc were listed on the Daily Official List of the Exchange on the 15th of December, 2017.

These additional shares arose as a result of the Scrip Dividend Scheme offered to eligible shareholders of the company who elected to receive new ordinary shares in lieu of cash dividends with respect to the 5 kobo final dividend declared for the year ended 31 December, 2016, as well as the 60 kobo interim dividend declared for the period ended 30 June, 2017.

With this listing of 49,465,731 ordinary shares, the total issued and fully paid up shares of Stanbic IBTC Holdings Plc has now increased from 10,000,000,000 to 10,049,465,731 ordinary shares.





Bonny Amadi

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