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NB - Nigerian Breweries plc (via Public) / NOTIFICATION OF BOARD CHANGES


NOTIFICATION OF BOARD CHANGES
Nigerian Breweries Plc ( the Company ) hereby informs The Nigerian Stock Exchange Limited and the investing public of the following changes in the Board of Directors.
RESIGNATION: MR. JORDI BORRUT BEL
Mr. Jordi Borrut Bel, our current Managing Director/CEO, will be completing his assignment in the Company on the
30
th
of July, 2021to enable him take up another assignment within the Heineken Group. In that regard, the Board has accepted his letter of resignation from the Board and the Company effective the close of business on the 30
thof July 2021.
Mr. Borrut Bel joined the Company and the Board as the Managing Director/CEO on the 22 ....

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Nigerian Breweries Advises Shareholders to Embrace Script Dividend Option


Goddy Egene
The Managing Director of Nigerian Breweries Plc, Mr. Jordi Borrut Bel, has said called on shareholders to embrace the script dividend option proposal offered by the company because of its many benefits.
Nigerian Breweries Plc has recommended a dividend of N7.7 billion for its shareholders for the 2020 financial year. However, the company also gave shareholders the option to receive additional shares instead of cash dividend.
The recommendation, which amounts to a total dividend of N0.94 per ordinary share of 50kobo each, represents a 100 per cent payout.
Speaking at the pre- annual general meeting (AGM) media briefing held in Lagos, yesterday, Borrut Bel said the shareholders opting for additional shares in the place of cash dividend stand the opportunity of increasing their holdings in the company with high value. ....

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