Two substantial shareholders of Nigeria Breweries Plc, Distilled Trading International B.V and Heineken Brouwerijen B.V, have elected to receive 19.45 million shares as scrip dividend for the period ended 31st of December, 2020.

According to two separate disclosures signed by the company’s secretary, Uaboi Agbebaku and made available on the website of the Nigerian Exchange Group Limited (NGX).

According to the disclosure, Distilled Trading International B.V elected to receive 16,541,036 units of Nigerian Breweries shares as scrip dividend, at a reference share price of N47.75, totalling N789, 834,469. On the other hand, Heineken B.V also elected to receive a further 2,904,397 units of Nigerian Breweries shares as scrip dividend for the aforementioned period, at a reference share price of N47.75, totalling N138,684,956.75.

Cumulatively, both firms elected to receive a total of 19,445,433 units of Nigerian Breweries shares at a reference price of N47.75 per share, totalling N928, 529,425.75.

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