International Breweries Plc’s Board of Directors is set to deliberate on a Rights Issue and an increase in its share capital, according to a corporate update filed with the Nigerian Exchange Limited.
An emergency board meeting is scheduled for Friday to discuss and potentially approve the Rights Issue, Rights Issue Price, and an Increase in Share Capital.Following the emergency meeting, the board plans to convene its regular meeting within the first quarter of 2024, during which it will assess the 2023 Audited Financial Statements.
The proposed actions signal strategic financial moves by International Breweries Plc as it navigates potential avenues for capital enhancement and growth.
Source: PUNCH