The Issue shall be on the basis of eleven (11) new Ordinary Shares for every five (5) Ordinary Shares held as of the qualification date and at an Issue price of ₦26.50 per Ordinary Share.
INVESTIGATION: Beyond the Facade: Unveiling the Violence in Nigeria’s ‘Peaceful’ Presidential ElectionsINVESTIGATION: Inside Nasarawa schools where teaching, learning are tortuous, dangerousThe invisible obstacle to personal growth, By Mohammed Dahiru AminuSPECIAL REPORT: Antimicrobial resistance crisis heightens in Nigeria, other countriesINVESTIGATION: Beyond the Facade: Unveiling the Violence in Nigeria’s ‘Peaceful’ Presidential ElectionsINVESTIGATION: Inside Nasarawa schools where teaching,...
The Issue is part of Nigerian Breweries’ Business Recovery Plan to strengthen the Company’s capital base by leveraging its balance sheet, eliminating certain FX-related exposures and reducing bank borrowings, thereby giving the Company greater financial flexibility to promote business growth and continuity.Capital Limited are acting as the Lead Issuing House and the Joint Issuing House to the Issue respectively, to assist the Company in managing the Issue process.
Nigerian Breweries Plc, the pioneer and largest brewing Company in Nigeria was incorporated in 1946 as Nigerian Breweries Limited. The Company was listed on the floor of the Nigerian Exchange Limited in 1973 and is currently trading on the NGX with a market capitalisation of ₦294.4bn as of 23 August, 2024.
At Premium Times, we firmly believe in the importance of high-quality journalism. Recognizing that not everyone can afford costly news subscriptions, we are dedicated to delivering meticulously researched, fact-checked news that remains freely accessible to all.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nigerian Breweries Plc undertakes N599.1bn rights issueNigeria's independent online newspaper
Read more »
Nigerian govt to issue $500m dollar-dominated bond MondayThe Federal Government of Nigeria plans to issue a $500 million dollar-denominated domestic bond next week Monday to attract both local and international investors.
Read more »
The strategic benefits of Access Holdings’ rights issue for investorsFor the right issue, Access Holdings is offering 17.772 billion ordinary shares of 50 kobo each to existing shareholders at N19.75 per share.
Read more »
Stop living lavishly at the expense of ordinary Nigerians – Prophet El-Buba tells Tinubu, NASSA group, the Initiative for Better and Brighter Nigeria, IBBN, has said President Bola Tinubu, the National Assembly members and their cronies, should stop living lavishly at the expense of the majority of Nigerians.
Read more »
The morality and legality of a permanent African seat on the UNSCHowever imperfectly executed, democracy, within the contextual paradigm of popular representation by ordinary people,
Read more »
“Binance official’s health issue not serious” – EFCC tells Federal High CourtA Trusted Nigerian Newspaper
Read more »