Nigerian Breweries Plc has notified its shareholders and the Nigerian Exchange that the Company has obtained the approval of the Securities and Exchange Commission to commence the Company’s Rights Issue 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 Rights Circular will be sent to all shareholders recorded in the register of members as at that date.
The Offer opened on Monday, 2nd September 2024, and closes on Friday, 11th October 2024.