Nigerian Breweries announces listing of new N20.7b ordinary shares

The Board of Directors of Nigerian Breweries Plc, Nigeria’s foremost brewing company, has announced the official listing of a newly allotted N20,706,894,542 ordinary shares on the Nigerian Exchange Limited(the “ NGX”).

The allotted shares, which come at 50k each, arose from the company’s Rights issue of N22,607,491,232 ordinary shares of 50kobo each at N26.50 per share, which ended recently.

According to a statement issued by the Legal Director/ Company Secretary, Uaboi Agbebaku, the allotted shares were formally listed on the Daily official list of the Nigerian Exchange Limited(the “NGX”) on Monday, December 30, 2024.

Agbebaku noted that with this listing, the company’s total outstanding shares listed on the NGX have now increased from N10 276,132,378 ordinary shares to N30,983,026,920 ordinary shares of 50kobo each.