• 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 Markets Equities Company Results

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

Chidi Emenike by Chidi Emenike
August 11, 2021
in Company Results, Consumer Goods, Markets
Share on FacebookShare on TwitterShare on Linkedin

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.

RelatedStories

International Breweries

International Breweries cuts FX losses, recovers to N35 billion quarterly profit 

April 29, 2025
International Breweries

Forex losses push International Breweries to N111.8 billion loss in 2024 

April 4, 2025

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).

 

Tags: International Breweries Plc
Chidi Emenike

Chidi Emenike

Chidi Emenike is a graduate of economics, a Young African Leadership Initiative Fellow and an Investment Foundations certificate holder. He worked as a graduate Teaching Assistant in the Federal College of Education Kano and is also a trained National Peer Group Educator on Financial Inclusion

Related Posts

International Breweries
Company Results

International Breweries cuts FX losses, recovers to N35 billion quarterly profit 

April 29, 2025
International Breweries
Company Results

Forex losses push International Breweries to N111.8 billion loss in 2024 

April 4, 2025
Shareholders look forward to Internationals Breweries planned Rights Issue
Companies

Shareholders look forward to Internationals Breweries planned Rights Issue

May 13, 2024
International Breweries, NGX,
Blurb

Analysis: AB InBev’s International Breweries and its piling losses

February 19, 2024
International Breweries records N2.07 billion pre-tax loss in Q3, 2023 
Companies

International Breweries records N87.64 billion unaudited loss in 2023, posts 226% profit decline 

February 2, 2024
International Brewery reports increase in revenue to N49 billon in Q3 2022
Appointments

International Breweries appoints Cherian Kurien as Non-Executive Director

April 4, 2023
Next Post
Cholera outbreak: 451 casualties in July, only 2 of 13 states in top Health Preparedness- SBM

Cholera outbreak confirmed in Ebonyi

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

  • Sovereign green bond offer records N91.42 billion, oversubscribed by 183% – DMO 
  • Banks clear 95% of N180 billion USSD debt, 3 lenders still owing – ALTON 
  • BNY Mellon, Standard Bank launch naira-denominated notes for global investors 

Follow us on social media:

Recent News

DMO, FGN Savings Bonds

Sovereign green bond offer records N91.42 billion, oversubscribed by 183% – DMO 

June 19, 2025
Telecom operators moots price review, says current rate unsustainable

Banks clear 95% of N180 billion USSD debt, 3 lenders still owing – ALTON 

June 19, 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