International Breweries Plc announces board meeting, closed period.

International Breweries Plc has announced that its board of directors will meet on Wednesday 27h of October, 2021 to deliberate on the company’s unaudited financial results for the period ended September 30, 2021 and other related matters.

Consequently, the company announced that it has already commenced a closed period from September 30, 2021. The closed period is expected to persist until 24 hours after the firm’s unaudited financial statements have been filed with the Nigerian Exchange Group Limited and made public.

This is according to a disclosure signed by the company’s secretary, Muyiwa Ayojimi and sent to the Nigerian Exchange Group Limited (NGX).

It is pertinent to note that the closed period is in line with Rule 17.18(a) (Closed Period Rules) of the NGX’s Rule Book (2015). During this period, individuals with sensitive information about stock performance such as; Directors, managers, employees, consultants and their connected persons, are prohibited from trading in the shares of the bank either directly or indirectly.

For more information about the board meeting, click HERE.


International Breweries Director purchases additional 8.35m shares worth N41.7 million.

International Breweries Plc has notified the Nigerian Exchange Group Limited that Mr. Michael Onochie Ajukwu, a Non-Executive Director in the firm, has acquired 8,346,021 additional units of its shares, worth ₦41.7 million.

The disclosure which is in line with The Exchange’s policy on insider dealing was signed by the company’s secretary, Muyiwa Ayojimi.

According to the notice, Mr. Ajukwu acquired additional 8.35 million units of International Breweries shares at ₦5.00 per share. This put the total consideration for the shares purchased by the non-executive director at ₦41,730,105.

The deal was finalized in two tranches on 4th and 5th of August, 2021. The breakdown of the deal shows that;

  • About 99.5% of the recent total acquisition, translating to about 8,308,421 units of shares were purchased on the first day of the transaction at the rate of N5 per share, amounting to N41,542,105.
  • On the last day of transaction (5th of August, 2021), 37,600 units were further purchased at N5 per share, totalling N188,000.

It is imperative to note that the disclosure is in line with the statutory requirements specified by the Exchange and needed to entrench transparency and confidence in the system. Trade by insiders, particularly purchases, often demonstrates confidence in the financial performance of the companies that they run.

What you should know:

  • As at June 2021, Mr. Michael Onochie Ajukwu holds about 62,000,000 units of International Breweries shares, translating to about 0.23% of the total shareholding in the company. The recent addition thereby raises his total shareholdings to 70,346,021 units.
  • International Breweries Plc’s share is currently trading at N5.00 on the floor of the Nigerian Exchange Limited (NGX).


International Breweries Plc reports a loss of N2.6 billion in Q1 2021.

International Breweries Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Revenue for the period was N38.96 billion. (+10.2% YoY)
  • Cost of sales was N32.5 billion. (+11.3% YoY)
  • Administrative, marketing and promotion expenses totalled N8.98 billion. (+4.9% YoY)
  • Loss for the period was N2.6 billion.
  • Earnings per share of 10 kobo Vs 21 kobo YoY.

See link to results.

International Breweries Plc moves registered office to Banana Island.

The Management of International Breweries Plc has notified the Nigerian Stock Exchange of the relocation of its registered office from 23/26 Glover road in the Ikoyi axis of Lagos state to Banana Island.

This was disclosed in a notice sent to the exchange by the brewing giant. The notice, which was signed by Muyiwa Ayojimi, the company secretary, stated that the company’s new registered address has changed to Plot 5A, Abuja Street, Banana Island, Ikoyi-Lagos.

The firm stated that the change has been effected in the statutory form and that the disclosure is in line with prescribed rules of the NSE.

What you should know:

  • According to Wikipedia, International Breweries Plc was listed on the Nigerian Stock Exchange on 26th of April, 1994 after it became a public limited liability company. It has a technical services agreement with Brauhaase International Management GMBH, a subsidiary of Warsteiner Group of Germany, which owned 72.03% equity.
  • International Breweries had earlier reported a loss of N12.4 billion for FY 2020.

International Breweries Plc reports a loss of N12.4 billion in FY 2020.

International Breweries Plc released its full-year results for the year ended 31st December 2020.

  • Revenue for the year was N136.8 billion. (+3.4% YoY)
  • Cost of sales was N106.3 billion. (-0.8% YoY)
  • Gross profit was N30.47 billion. (+20.9% YoY)
  • Administrative expenses was N27.92 billion. (+6.7% YoY)
  • A loss after tax of N12.4 billion was reported for the year.
  • Loss per share of -47 kobo Vs -N1.16 YoY.
  • No dividend announcement was made.

See link to results.