Nigerian Breweries Plc has notified shareholders and the Nigerian Exchange Limited that the Acceptance Period for its Rights Issue which opened on 2nd September, 2024, and was scheduled to close on 11th October, 2024, has been extended to 18th October, 2024, following the approval of the Securities and Exchange Commission.
The extension of the Acceptance Period is to accommodate the normal working days activities that were disrupted by the public holidays that were observed in the course of the initially scheduled Acceptance Period. The extension aims to provide shareholders with ample opportunity and time to subscribe to their Rights.
During the extended period, dealings by the Company’s insiders on the Company’s shares will continue to be strictly limited to participation in the Rights Issue as earlier approved by the NGX in respect of the non-dealing period with regard to the Company’s Unaudited Financial Statements for the period ended September 30, 2024.