Nigerian Breweries PLC has announced the agenda for its 79th Annual General Meeting (AGM), scheduled to take place virtually on April 16, 2025. Shareholders will have the opportunity to review the company’s financial statements for the year ending December 31, 2024, and approve the appointment of KPMG as its new independent auditor, following Deloitte & Touche’s ten-year tenure.
The meeting will also address the re-election of two directors, Mrs. Juliet C. Anammah and Mr. Ibrahim A. Puri, alongside the appointment of Mrs. Olufunmilayo Akande as an Independent Non-Executive Director. The company is seeking approval for the remuneration of non-executive directors for the fiscal year 2025, set at N222.44 million.
Additionally, Nigerian Breweries will propose amendments to its Articles of Association, including changes to borrowing powers, aimed at enhancing capital raising efforts and reducing the cost of funds.
