Nigerian Stock Exchange adds one more shares of Nigerian Breweries plc to its market

The Nigerian Breweries plc has shown her desire to grow the company and the brand in general. This is as the Nigerian Stock Exchange market finally added another of the company’s share to the Nigerian Stock Exchange market.

Meanwhile in the light of this giant move, the new stocks have been issued to shareholders of the brewery giant as part of their dividend payment. Although a fe3w numbers of the shareholders decided to to exchange their cash payment for shares of the firm.

According to the disclosure from the NGX today Monday 24th January, 2022, Nigerian Breweries listed a total of 78,929,849 ordinary shares of 50 kobo on the platform, increasing its total issued and fully paid-up equities to 8,075,831,900 ordinary shares from 7,996,902,051 ordinary shares.

Furthermore,“Additional 78,929,849 ordinary shares of 50 kobo each of Nigerian Breweries Plc were today, Monday, January 24, 2022, listed on the daily official list of the Nigerian Exchange Limited.

 Meanwhile with this listing of the additional 78,929,849 ordinary shares, the total issued and fully paid-up shares of Nigerian Breweries Plc has now increased from 7,996,902,051 to 8,075,831,900 ordinary shares of 50 kobo each,” the statement noted.

Shares of Nigerian Breweries depreciated by 1.46 per cent or 70 kobo today at the stock exchange to close at N47.30, according to data obtained by Business Post.

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