• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Spotlight

Heineken buys 3.3million additional units of Nigerian Breweries shares

Omokolade Ajayi by Omokolade Ajayi
September 15, 2020
in Spotlight, Stock Market
Heineken buys 3.3million additional units of Nigerian Breweries shares
Share on FacebookShare on TwitterShare on Linkedin

Heineken Brouwerijen B.V, the major shareholder of the largest brewer in Nigeria, has purchased 3.3million units of additional Nigerian Breweries shares. This was disclosed by the company in a notification sent to the Nigerian Stock Exchange, which was seen by Nairametrics.

According to the notification, which was signed by the Company’s Secretary, Uaboi G. Agbebaku, the purchase was made on the bourse over three transactions on the 8th, 9th and 11th of September.

This disclosure is a regulatory requirement that must be reported to the Nigerian Stock Exchange, especially when a major shareholder or director of a publicly quoted company purchases shares in the company they own.

RelatedStories

Why did Legend Internet shares gain 32% in just one week? 

Why did Legend Internet shares gain 32% in just one week? 

June 16, 2025
Weekly Stock Update: Nigerian Exchange Group record growth w-o-w, up by 0.48%

SEPLAT leads value as All-Share Index gains 0.56%, ABCTRANS and BETAGLASS shine 

June 12, 2025

The analysis of these transactions indicates that the purchase consideration for the 3,354,227 additional units of Nigeria Breweries shares at an average price of N41.16 per unit is put at N138 million.

This purchase and previous purchases further cement Heineken Brouwerijen B.V’s status as a major shareholder; the company has accumulated a total of 11,074,463 since 30th June.

(READ MORE:Nigerian Breweries, Stanbic, Guinness, Dangote party with N8.59 billion on stock market bullish run)

What this means

As of June 30th, when Nigerian Breweries released its Half-year financial results and reviewed its shareholding pattern, the company had exactly 7,996,902,051 outstanding shares, with Heineken Brouwerijen B.V being the majority shareholder with 3,019,363,804 units, which amount to 37.76% of the total shares of the company outstanding.

Heineken buys 3.3million additional units of Nigerian Breweries shares

Hence, with the purchase of 3,354,227 additional units, and previous purchases from August till date, which amount to 11,074,463 units. Heineken’s ownership percentage of Nigeria Breweries is now put at 37.90%.

Insider transactions, both sales and purchases, are often an indication of how shareholders perceive a company’s valuation. It could also mean a possible capital raise or that the major shareholders are strengthening their existing holdings.

In like manners, the purchase of the shares of Nigerian Breweries by Heineken and other majority shareholder has mopped up stray volumes on the bourse, and pushed the stock price higher by 32.4% or N10.05, from N31 it closed at on the 3rd of August to its current value of N41.05, which is 39.21x earnings.

(READ MORE:Analysis: Nigerian Breweries, the glory days are gone)

Key takes on NB’s financials

Nigerian Breweries was affected by the disruption in the global and domestic demand and supply chain, as profit after tax of the largest brewer dropped by as much as 58%, at the back of the adverse impact of the sharp contraction in economic activities.

The knock-on effect of the COVID-19 lockdown, which affected the trade segment of the business, affected the company sales and this triggered the 11% drop in revenue in the first half of the year.

 


Follow us for Breaking News and Market Intelligence.
Tags: HeinekenNigerian BreweriesNigerian Stock ExchangeUaboi G. Agbebaku
Omokolade Ajayi

Omokolade Ajayi

Omokolade Ajayi is a graduate of Economics, and a certificate holder of the CFA Institute’s Investment Foundation Program. He is a business analyst, and equity market researcher, with wealth of experience as a retail investor.

Related Posts

Why did Legend Internet shares gain 32% in just one week? 
Company Results

Why did Legend Internet shares gain 32% in just one week? 

June 16, 2025
Weekly Stock Update: Nigerian Exchange Group record growth w-o-w, up by 0.48%
Equities

SEPLAT leads value as All-Share Index gains 0.56%, ABCTRANS and BETAGLASS shine 

June 12, 2025
Adverse effects of high-interest rate spreads on the Nigerian economy
Financial Services

Fidelity Bank threatens legal remedies over “malicious publication” concerning CEO’s share purchase 

May 24, 2025
companies
Equities

Leading Nigerian companies incurred net FX losses of N22.2 billion in Q1 2025, down 98% year-on-year

May 6, 2025
Nigerian Breweries’ Sade Morgan named Corporate Affairs Director for Heineken Africa & Middle East 
Corporate Updates

Nigerian Breweries’ Sade Morgan named Corporate Affairs Director for Heineken Africa & Middle East 

April 28, 2025
Nigerian breweries
Equities

Nigerian Breweries shares surpass N39 as year-to-date performance soars over 24% 

April 22, 2025
Next Post
List of Dividends announced in 2022

SEPLAT, OANDO post losses, All Share Index down by 0.03%

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • E-call up dispute: IPMAN warns N12,500 truck fee may trigger petrol price hike in Lagos 
  • Nigeria urgently needs PPPs’ intervention to address country’s $2.3tn Infrastructure Gap – ICRC 
  • Food Price: Dry onions up 17.65%, pepper down 29.41% as Lagos markets swing in June 2025 

Follow us on social media:

Recent News

NMDPRA bans 60,000-litre fuel tankers from depots to curb accidents  

E-call up dispute: IPMAN warns N12,500 truck fee may trigger petrol price hike in Lagos 

June 17, 2025
Nigeria urgently needs PPPs’ intervention to address country’s $2.3tn Infrastructure Gap – ICRC 

Nigeria urgently needs PPPs’ intervention to address country’s $2.3tn Infrastructure Gap – ICRC 

June 17, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics