International Breweries sets N84 billion capital return schedule

International Breweries Plc has established a timeline for its N84 billion capital return to shareholders. The distribution, which will be made from the company’s share premium account on a pro rata cash basis, follows approvals from the Securities and Exchange Commission, shareholders at the Annual General Meeting, and the Federal High Court.

Shareholders whose names appear in the register of members by the close of business on September 16, 2026, will qualify for the distribution. The company has set September 23, 2026, as the settlement date for payments. Qualifying shareholders will receive N0.50 (fifty kobo) per share.

This capital return follows a period of financial restructuring and deleveraging intended to reduce debt and mitigate the impact of foreign exchange volatility in Nigeria. The move is part of a broader strategy to optimize the company’s balance sheet after addressing dollar-denominated liabilities through previous rights issues.