Lagos, Nigeria – Champion Breweries Plc listed 2.38 billion new ordinary shares on the Nigerian Exchange Limited, or NGX, on April 15, 2026, raising its total share capital to 11.32 billion shares worth about $103 million USD.
The shares resulted from a rights issue and public offer at 16 naira per share, or $0.01 USD. Shareholders subscribed to 931.71 million rights issue shares at a 93.71% rate. The public offer filled 1.44 billion of 2.62 billion shares offered, at 55.01% subscription.
This brought in roughly N58 billion, equivalent to $35 million USD. Funds will support buying the Bullet brand via an asset carve-out. The move meets NGX free float requirements in West Africa Time zone.
The rights issue offered 994.2 million shares to existing holders from January 8 to 21, 2026. Public offer targeted new investors at the same price. Strong shareholder backing offset softer public interest.
Okay News notes the 26.5% rise in total shares from 8.95 billion prior. On April 17, 2026, shares traded at 14.50 naira, or $0.009 USD. It now ranks 50th on NGX by value.
This share capital boost aids brewery expansion in Nigeria. Market value hits 0.125% of NGX total. Investors eye recovery potential.
