Champion Breweries Plc Conducts N15.9bn Rights Issue Ceremony

Champion Breweries Plc (NGX: CHAMPION) held a formal signing ceremony for a N15.9 billion rights issue following shareholder approval at an Extraordinary General Meeting. The rights issue, priced at N16 per share, aims to raise capital for strategic acquisitions and enhance the company's growth agenda.

Managing Director and CEO, Dr. Adoga Inalegwu, highlighted the significance of the rights issue in positioning Champion Breweries for increased competitiveness and international expansion. Shareholders are encouraged to participate early for the success of the transaction.