Nigerian Breweries Plc has commenced its Rights Issue offer of 22,607,491,232 Ordinary Shares of N0.50 each at N26.50 per share.
This is being offered to existing shareholders on the basis of 11 new Ordinary Shares for every 5 Ordinary Shares held as at 12th July 2024, being the qualifying date. The Offer opened on Monday, 2nd September 2024, and closes on Friday, 11th October 2024.