September 19, 2019/NSE

The Board of Directors of International Breweries Plc at its Board meeting held on 18 September, 2019 considered and approved a proposal for a Rights Issue as a form of Capital Raising for the Company. 

This notification is given In line with Section 1.1 of the Rules Relating to Board Meetings- being obligation to notify the Nigerian Stock Exchange of key decision(s) taken by the Board within 24 hours after the relevant Board meeting. 

The Board approval aforementioned is however subject to Shareholders and Regulatory approvals in the prescribed form.