Champion Breweries Plc has officially opened its books to existing shareholders, launching a massive N15.91 billion capital-raising exercise designed to fund a major expansion of its product portfolio.
In a corporate filing submitted to the Nigerian Exchange Limited on Tuesday, the company announced the details of the rights issue. The offer comprises 994,221,766 ordinary shares of 50 kobo each, priced at N16.00 per share.
Details of the Offer
This capital raise follows the approval secured from shareholders during the company’s Extraordinary General Meeting held on July 24, 2025. Having obtained the necessary regulatory clearance from the Securities and Exchange Commission (SEC), the offer is now open for subscription.
Who is Eligible? Participation is reserved for existing shareholders based on a specific ratio:
- The Ratio: One (1) new share for every nine (9) existing shares held.
- Qualifying Date: Shareholders whose names appeared in the register of members as of September 4, 2025.
Purpose: Acquiring the ‘Bullet’ Brand
The management has outlined a clear strategic purpose for the fresh capital. This rights issue marks the first phase of a two-step capital-raising program, with a public offer expected to follow shortly.
The proceeds from this initial phase are specifically earmarked to fund the acquisition of the “Bullet” brand. Company Secretary Tosan Aiboni noted that this acquisition is a critical component of Champion Breweries’ agenda to expand its footprint in both domestic and international markets.
How to Subscribe
To ensure a seamless process, the company has enabled digital participation.
- Digital: Shareholders are encouraged to subscribe via the NGX Invest platform.
- Physical: Alternatively, investors can complete the paper Participation Form provided by the Registrars, Africa Prudential Plc.
Deadline: All completed forms and evidence of payment must be submitted to the Issuing Houses or Receiving Agents by Monday, January 5, 2026.
The Rights Circular, containing full details of the offer, is being distributed to eligible shareholders and is available for download on the company’s website. Once the documentation process is finalized, the rights will become tradeable on the floor of the exchange.
