Phoenix Beverages Limited (“PhoenixBev” or the “Company”), incorporated on 9 September 1960, is a public interest entity as defined under the Financial Reporting Act 2004. PhoenixBev is also listed on the Official Market of the Stock Exchange of Mauritius Ltd. The Corporate Governance Report sets out how PhoenixBev has applied the principles contained in the National Code of Corporate Governance for Mauritius (2016) (the “Code”).
The Board of Directors affirms its commitment to ensuring that good governance principles are entrenched throughout the PhoenixBev Group (the “Group”) and reflected in all of its business activities.
Thus, throughout the year ended 30 June 2018, to the best of the knowledge of its Board of Directors, PhoenixBev has complied with the Code. The Company has applied all of the principles set out in the Code and explained how these principles have been applied.
Phoenix Beverages Limited is listed on the Official Market of the Stock Exchange of Mauritius Ltd and as at 30 June 2018, there were 1,863 shareholders recorded in the share register of the Company.
The stated capital of the Company is made up of 16,447,000 ordinary shares of Rs 10.00 each.
The cascade holding structure is as follows:
* IBL Ltd is the ultimate holding company of Phoenix Beverages Limited