International Breweries Plc (INTBREW) has set September 16, 2026, as deadline for qualification for the company’s previously approved N84 billion Return of Capital with payment to qualifying shareholders scheduled for September 23.

In a corporate disclosure, signed by Company Secretary Temitope Oluwatosin, the brewers stated that N84 billion will be distributed from the Company’s share premium account on a pro rata cash basis.

According to the notification, the distribution follows Securities and Exchange Commission (SEC) approval as well as shareholders’ sanction at the Annual General Meeting (AGM) held on July 30, 2026, and subsequent approval by the Federal High Court.

The corporate notification filed with the Nigerian Exchange (NGX) Limited on Monday, September 14, 2026, sets out four key dates and terms governing the Return of Capital:

The Company said it will continue to keep shareholders, the Exchange and the investing public informed of any material developments relating to the Return of Capital.

International Breweries’ capacity to fund an N84 billion capital return follows a sharp turnaround in its finances after two consecutive years of heavy losses.

It was against this improving backdrop that the company, in a notice dated July 8, 2026, first disclosed plans to restructure its share capital by eliminating accumulated losses of N191.03 billion — the same share premium account now funding Monday’s Return of Capital notice.

The Return of Capital arrives even as International Breweries said it remains unable to declare traditional dividends because of its accumulated losses — a distinction that helps explain why the company opted for a capital return rather than a dividend payout.

Notably, the improvement has not been fully reflected at the bottom line: H1 2026 profit after tax actually fell 7.21% year-on-year, as a sharply higher tax burden absorbed nearly all of the pre-tax gains, even as pre-tax profit rose over 21%.

International Breweries shares closed at N10 per share on the NGX on Monday, September 14, 2026.

With shares trading well below their January high heading into the Qualification Date, the N0.50 per share payout represents a meaningful yield at current prices for shareholders on the register as at September 16.

International Breweries Plc (INTBREW) has set September 16, 2026, as deadline for qualification for the company’s previously approved N84 billion Return of Capital with payment to qualifying shareholders scheduled for September 23.

In a corporate disclosure, signed by Company Secretary Temitope Oluwatosin, the brewers stated that N84 billion will be distributed from the Company’s share premium account on a pro rata cash basis.

According to the notification, the distribution follows Securities and Exchange Commission (SEC) approval as well as shareholders’ sanction at the Annual General Meeting (AGM) held on July 30, 2026, and subsequent approval by the Federal High Court.

The corporate notification filed with the Nigerian Exchange (NGX) Limited on Monday, September 14, 2026, sets out four key dates and terms governing the Return of Capital:

The Company said it will continue to keep shareholders, the Exchange and the investing public informed of any material developments relating to the Return of Capital.

International Breweries’ capacity to fund an N84 billion capital return follows a sharp turnaround in its finances after two consecutive years of heavy losses.

It was against this improving backdrop that the company, in a notice dated July 8, 2026, first disclosed plans to restructure its share capital by eliminating accumulated losses of N191.03 billion — the same share premium account now funding Monday’s Return of Capital notice.

The Return of Capital arrives even as International Breweries said it remains unable to declare traditional dividends because of its accumulated losses — a distinction that helps explain why the company opted for a capital return rather than a dividend payout.

Notably, the improvement has not been fully reflected at the bottom line: H1 2026 profit after tax actually fell 7.21% year-on-year, as a sharply higher tax burden absorbed nearly all of the pre-tax gains, even as pre-tax profit rose over 21%.

International Breweries shares closed at N10 per share on the NGX on Monday, September 14, 2026.

With shares trading well below their January high heading into the Qualification Date, the N0.50 per share payout represents a meaningful yield at current prices for shareholders on the register as at September 16.