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IPO Details
Company Profile
Summary of the Offer
Important Highlights
Important Dates
Advisers and Vendors
Historical Financials
IPO Prospectus
In the News
 

Company Profile
Name International Breweries plc
Security Type Ordinary
Ticker INTBREW
Reuters Code
ISIN NGINTBREW005
Number of Employees
Address PMB 5104
Lawrence Omole Way
Ilesha, Osun State, Nigeria
Website
Phone +234-036-461500; 460150
Fax
Email internationalbreweriesplc@yahoo.com
Nature of Business International Breweries Plc was incorporated in December 1971 by its founder and first Chairman, Dr. Lawrence Omole in collaboration with some of his business associates, under the name International Breweries Limited. With adequate back-up having been provided by the initial corporate and private investors, the Company commenced production in December 1978 with an installed capacity of 200,000 hectolitres of TROPHY lager beer per annum. Following the increasing demand for its product, in December 1982 the Company embarked upon an expansion programme to increase its brewing capacity to 500,000 hectolitres annually.

To date, the Company's products are TROPHY lager beer and BETAMALT, a non alcoholic beve rage drink which came into production in 1988.

International Breweries Plc has a subsisting Technical Services Agreement with Brauhaase International Management GmbH (a wholly owned subsidiary of Warsteiner Group of Germany), which owns 60.01% equity in International Breweries Plc. It has been the Technical Partner of International Breweries Plc since inception and became the majority shareholder at the time of the last share issue of the Company.

Summary of the Offer
Offer Type Public Offer 
Offer Method Offer for Subscription 
Purpose To enable International Breweries to rebuild the capital base of the Company and to carry out restructuring, staff right-sizing, improvement and expansion of production facilities. 
Utilization of Proceeds The net proceeds of N 1,318,034,900 after deducting the costs of the Offer, estimated at N 73,965,100 (representing 5.31% of gross proceeds) would be utilised as follows:

ProjectN%Estimated completion period(months)
Staff Right Sizing Costs331,260,90025.1324 Months
Capital investments to improve plant and equipment reliability and expand overall production capability921,774,00069.9424 Months
Repayment of Bridging Loan65,000,0004.933 Months
TOTAL1,318,034,900100% 
 

Target Investors  

Important highlights of the issue
Par Value of each share NGN 0.50 
Authorised Share Capital 3,000,000,000 
Fully Paid Share Capital 512,914,681 
Shares Offered for Sale 1,600,000,000 
% of Fully Paid Shares Offered for Sale 311.94% 
Offer Price per Share NGN  0.87 
Price Earning (PE) Ratio at Offer Price  
Dividend Yield at Offer Price --

Important dates and times
Offer Open Date Friday, Aug 31, 2007 
Offer Close Date Friday, Sep 28, 2007 
Allocation Begin Date Friday, Oct 12, 2007 
Allocations End Date Friday, Nov 09, 2007 
Results of Allocation Announced Monday, Nov 19, 2007 
Crediting of CDS Accounts with Shares Friday, Dec 07, 2007 
Dispatch of Share Certificates Friday, Dec 07, 2007 
Dispatch of refund checks (if applicable) Friday, Nov 23, 2007 
Commencement of Trading on The Nigeria Stock Exchange Monday, Dec 24, 2007 

Advisers to the Company and the Vendors

Historical financial and Operating results
Key Numbers
Fiscal Year End December 31st
Currency -- (--)
Sales (in millions) --
1 Year Sales Growth --

Annual Income Summary (in millions except EPS data)
-- December 31, 2012 December 31, 2011 --
Sales -- 13,269.87 9,908.17 --
Pre-Tax Income -- 2,842.65 190.34 --
Net Income -- 2,056.27 147.35 --
Average Shares -- 2,112.91 2,112.91 --
EPS -- 0.91 0.07 --
Total DPS -- -- -- --

Quarterly Income Summary (in millions except EPS data)
-- -- -- --
Sales -- -- -- --
Cost of Goods -- -- -- --
Gross Profit -- -- -- --
Pretax Income -- -- -- --
Net Income -- -- -- --
Average Shares -- -- -- --
EPS -- -- -- --

Annual Balance Sheet Summary (in millions)
-- December 31, 2012 December 31, 2011 --
Cash & Equivalents -- -- -- --
Total Current Assets -- -- -- --
Total Liabilities -- -- -- --
Share Holder Equity -- -- -- --
Long Term Debt -- -- -- --

Annual Consolidated Cash Flow (in millions)
-- December 31, 2012 December 31, 2011 --
Net cash flows generated from (used in) in operating activities -- 8,015.60 2,101.80 --
Net cash flows generated from (used in) in investing activities -- 721.22 -1,250.61 --
Net cash flows generated from (used in) in financing activities -- -6,769.39 -742.12 --

IPO Prospectus
Adobe PDF Document  International Breweries plc Prospectus
International Breweries plc

In the News
Latest Company Press Releases
International Breweries floats N1.3b offer
International Breweries plc - 31 Aug, 2007
To enhance its positive capacity and repay its budging loan, International Breweries Plc, one of the companies quoted on the Nigerian Stock Exchange has floated a public offer to raise additional N1.3 billion.

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