Cervejas de Moçambique (CDM), one of Mozambique’s largest companies and led by the Belgian group AB InBev, announced this Wednesday, 29 November, that it will distribute more than 218.7 million meticais in dividends to shareholders for the 2022 financial year.
According to information sent to investors, to which Lusa had access, the company will pay out on 15 December the gross value of 1.38 meticais for each of the 158.5 million shares that make up the share capital, thus totalling more than 218.7 million meticais in dividends.
“They will be distributed to the holders of the shares on 31 December 2022, with the dividends subject to a 10% withholding tax, in terms of IRPC and IRPS,” the information adds, referring to the decision to pay dividends approved at the company’s extraordinary general meeting, held on 20 October.
CDM is part of the Belgian group ABInBev, which holds 83.1 per cent of the share capital, in which the Mozambican state is also represented, with a share of 1.37 per cent and the National Social Security Institute, with 2.6 per cent.
The company is considered the sixth largest in the country and was set up on 1 August 1995, following the privatisation of the MacMahon and Manica breweries in Maputo and Beira, respectively, including the historic Laurentina (launched in 1932), which it acquired in 2022, or 2M, and its main activity is the production, distribution and sale of beer and other drinks.
