Nigerian Breweries Plc has officially listed 20.7 billion newly allotted ordinary shares on the Nigerian Exchange Limited (NGX). The announcement by the company’s Legal Director and Company Secretary, Uaboi Agbebaku, follows the conclusion of the company’s recent Rights Issue of 22.6 billion shares at ₦26.50 per share. The shares, valued at 50 kobo each, were formally added to the NGX Daily Official List on December 30, 2024.
This listing increases Nigerian Breweries’ total outstanding shares from 10.3 billion to 31 billion, further solidifying its position as Nigeria’s largest brewing company. The company, a member of the Heineken Group, has a long history dating back to its incorporation in 1946 and its production of the first bottle of STAR lager beer in 1949.
With this strategic move, Nigerian Breweries aims to strengthen its market presence and provide shareholders with enhanced value. The company continues to play a pivotal role in Nigeria’s brewing industry as a leader in innovation and sustainability.
