Champion Breweries Plc has increased its share capital following the successful listing of additional ordinary shares on the Nigerian Exchange Limited (NGX), marking a key step in its recent capital-raising exercise.
The development was formally disclosed in a market bulletin issued by NGX Regulation Limited, signed by Godstime Iwenekhai, Head of the Issuer Regulation Department.
A total of 2,375,615,342 new ordinary shares were admitted to trading on April 15, 2026, boosting the company’s presence on the exchange and expanding its shareholder base.
The newly listed shares were issued through a hybrid offer that combined a rights issue and a public offer. The rights issue involved 994,221,766 ordinary shares priced at N16.00 per share and recorded a strong subscription level of 93.71 per cent, indicating solid participation from existing shareholders.
On the other hand, the public offer of 2,625,000,000 ordinary shares, also priced at N16.00 per share, achieved a subscription rate of 55.01 per cent, reflecting moderate interest from new investors.
Following the listing, Champion Breweries’ total issued and fully paid-up shares have risen significantly from 8,947,995,892 to 11,323,611,234 ordinary shares.
The development is expected to improve the company’s liquidity in the market while providing additional capital to support its operations and growth plans. It also signals investor confidence, particularly from existing shareholders who participated heavily in the rights issue.
Market watchers will now be paying close attention to how effectively the company deploys the new capital and whether the increased share count translates into stronger performance and shareholder value in the coming quarters.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
