Stock Surge Of Unprecedented Proportions: Nigerian Breweries Sets A New Benchmark

Stock Surge Of Unprecedented Proportions: Nigerian Breweries Sets A New Benchmark

In a significant move to strengthen its market standing, Nigerian Breweries Plc, one of Nigeria’s leading brewing companies, has officially listed 20,706,894,542 new ordinary shares on the Nigerian Exchange…Stock Surge Of Unprecedented Proportions: Nigerian Breweries Sets A New Benchmark

Limited (NGX).

This development follows the company’s recent Rights Issue, in which a total of 22,607,491,232 ordinary shares were offered at N26.50 each. The shares, priced at 50kobo per share, were listed on the NGX’s Daily Official List on December 30, 2024.

Uaboi Agbebaku, the company’s Legal Director and Company Secretary, confirmed the listing and revealed that, with this addition, the total number of Nigerian Breweries shares listed on the NGX has surged from 10,276,132,378 to an impressive 30,983,026,920 ordinary shares.

This strategic listing is set to enhance Nigerian Breweries’ growth trajectory, positioning the company to capitalize on new investment opportunities while solidifying its leadership in Nigeria’s competitive beverage market.

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