Champion Breweries Plc (NGX: CHAMPION)has officially open Rights Issue, offering existing shareholders the opportunity to acquire additional shares as part of the company’s latest capital-raising initiative.The offer, which opened Monday, 24 November 2025, will run until Monday, 05 January 2026.
According to the company, a total of 994,221,766 ordinary shares of ₦0.50 each are being offered at a fixed price of ₦16.00 per share. The rights are being issued on the basis of one (1) new ordinary share for every nine (9) ordinary shares held as of the qualification date, 04 September 2025.
The equity price of CHAMPION closed at N13.2 per share on the Nigeria Exchange on Monday.
Use of Proceeds
Champion Breweries disclosed that the capital raise is expected to generate ₦15.9 billion in gross proceeds. After issue-related deductions, the net proceeds of approximately ₦15.52 billion will be fully applied toward the acquisition of all brand assets and intellectual property for the Bullet range of ready-to-drink beverages.
Eligible shareholders can subscribe to the Rights Issue by completing a personalized Participation Form—distributed by Africa Prudential Plc, the company’s registrar—and submitting it to any designated Receiving Agent listed in the Rights Circular or through yourstockbroker.
Shareholders also have the option to complete their subscription through the NGX Invest Platform. All allotments will be processed and displayed on the portal.
Champion Breweries encouraged shareholders to take advantage of the window, emphasizing that the recapitalization effort aligns with the company’s long-term growth plans.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
