Champion Breweries Plc has officially launched a N15.91 billion rights issue, inviting its qualified shareholders to participate in the capital-raising initiative. The offer includes 994,221,766 ordinary shares valued at N16 per unit, each with a nominal value of N0.50, according to a statement filed with the Nigerian Exchange Limited (NGX).
The capital-raising programme was approved by shareholders during the company’s Extraordinary General Meeting held on 24 July 2025. The company has also received regulatory approval from the Securities and Exchange Commission, allowing it to proceed with the offer. Existing shareholders are entitled to subscribe on the basis of one new share for every nine shares held as of the qualifying date, 4 September 2025.
To facilitate participation, the Rights Circular will be distributed by Africa Prudential Plc, the Registrars to the Offer, and can also be downloaded from Champion Breweries’ website. Upon completion of the necessary documentation, the rights will become tradeable on the NGX floor, offering shareholders flexibility in managing their investments.
Shareholders are encouraged to participate via the NGX Invest platform or by submitting a paper Participation Form along with payment evidence for the full subscription amount. The deadline for submission is Monday, 5 January 2026. This structured approach ensures a seamless process for shareholders looking to take part in the company’s growth plans.
Champion Breweries said the rights issue marks the first phase of a two-step capital raise, with a public offer expected to follow. The funds will primarily be used to acquire the Bullet brand, a strategic move to strengthen the company’s domestic and international presence and drive long-term growth in the competitive beverage market.
source: punch