One of the players in the Nigerian brewery landscape, Champion Breweries Plc, has formally asked for an approval to list its proposed rights issue on the Nigerian Exchange (NGX) Limited.
The application for approval and listing of the rights issue was submitted by the company through its stockbroker, APT Securities and Funds Limited.
A notice from the exchange data dated Thursday, September 4, 2025, signed by Obioma Oge for the Head of Issuer Regulation Department at the NGX confirmed this information.
Champion Breweries intends to offer through the proposed exercise a total of 994,221,766 ordinary shares of 50 Kobo each at N16.00 per unit on the basis of one new ordinary share for every nine ordinary shares held at the close of business on Thursday, September 4, 2025.
“Trading license holders are hereby notified that Champion Breweries Plc has through its stockbroker, APT Securities and Funds Limited, submitted an application to NGX Limited for the approval and listing of a rights issue of 994,221,766 ordinary shares of 50 Kobo each at N16.00 per share on the basis of one new ordinary share for every nine ordinary shares held as of the close of business on Thursday, September 4, 2025,” the disclosure stated.
Recall that on Thursday, July 24, 2025, at an Extraordinary General Meeting (EGM) held virtually, shareholders of the organisation authorised the board of Champion Breweries to source N45 billion to inject into the business as part of its bold expansion drive.
The proceeds will fund a landmark acquisition of key intellectual property and brand assets, underscoring the company’s ambition to accelerate growth and strengthen its market leadership.
Last month, in line with its strategy to diversify into high-growth food and beverage categories, Champion Breweries held talks with Sun Mark International Limited for the acquisition of Bullet, a leading ready-to-drink (RTD) alcoholic and energy brand in the market.
Bullet is currently present in over 14 African markets, including Nigeria, Cameroon, Ghana, Ivory Coast, DRC, and Tanzania.
It was revealed by the firm in a statement that the acquisition is structured as an asset carve-out, with the assets to be held in a newly incorporated company in the Netherlands.
Post-acquisition, Champion Breweries will hold a majority interest in the new business, while Vinar N.V, a Belgian entity and the majority shareholders of Sun Mark, will hold a minority stake.