The shares of NB Plc were admitted to trading on the floor of The Nigerian Stock Exchange on 5th September, 1973. Currently, NB Plc is one of the topmost companies on The Nigerian Stock Exchange by market capitalization with about 111,397 shareholders as at 31st December, 2020, the authorised share capital of NB Plc is N5billion, divided into 10 billion shares of 50kobo each.

The issued share capital as at 31st December 2019, stood at N3,998,451,025.50 divided into 7,996,902,051 ordinary shares of 50 kobo each. As at 30th September, 2020, Heineken N.V has a majority shareholding of approximately 56.13% while approximately 43.87% is held by Nigerian and foreign individuals and associations.

The Board is pleased to recommend to Shareholders at the forthcoming Annual General Meeting (AGM), the declaration of a total dividend of N7,517,087,928 (Seven Billion, Five Hundred and Seventeen Million, Eighty Seven Thousand, Nine Hundred and Twenty Eight Naira only), that is, 94 (Ninety Four) Kobo only per ordinary share of Fifty (50) kobo each. The total dividend is comprised of an interim dividend of N1,999,225,513 (One Billion, Nine Hundred and Ninety Nine Million, Two Hundred and Twenty Five Thousand, Five Hundred and Thirteen Naira only), that is, 25 (Twenty Five) Kobo per share which had earlier been paid and a final dividend of N5,517,862,415 (Five Billion, Five Hundred and Seventeen Million, Eight Hundred and Sixty Two Thousand, Four Hundred and Fifteen Naira only), that is, 69 (Sixty Nine) Kobo per share.

If the proposed final dividend of N5,517,862,415 (Five Billion, Five Hundred and Seventeen Million, Eight Hundred and Sixty Two Thousand, Four Hundred and Fifteen Naira only); that is, 69 (Sixty Nine) Kobo per share is approved, it will be subject to deduction of withholding tax at the appropriate rate and the dividend will become payable on the 23rd of April, 2021, to Shareholders (“Qualifying Shareholders”) whose names appear on the Company’s Register of Members at the close of business on the 10th of March, 2021.

For the purpose of the final dividend, the Register of Members and Transfer Books will be closed from Thursday, 11th of March, 2021 to Wednesday, 17th March, 2021 (both dates inclusive) for the preparation of an updated Register of Members.

The Directors are also recommending to Shareholders for their approval at the forthcoming AGM, a right of election for Qualifying Shareholders to receive new ordinary shares in the Company instead of the final dividend in cash. The election is required to be made on or before the 10th of April, 2021. The Reference Share Price for the purpose of determining the number of shares due to Qualifying Shareholders who elect for the share option will be a ten day trading average of the Company’s share price on the floor of The Nigerian Stock Exchange, starting on the 11th of March, 2021.