Champion Breweries Plc has listed 2.38 billion new ordinary shares on the Nigerian Exchange Limited (NGX), increasing its share capital to 11.32 billion shares.
- +Champion Breweries lists 2.38 billion new ordinary shares, boosts share capital
This is according to a notification to Trading Licence Holders conveyed in NGX Market Bulletin dated April 15, 2026.
This is according to a notification to Trading Licence Holders conveyed in NGX Market Bulletin dated April 15, 2026.
The bulletin marked NGXREG/IRD/MB40/26/4/15 was signed by the Head, Issuer Regulation Department, Mr. Godstime Iwenekhai.
The new shares, admitted on April 15, 2026, stem from the company’s N16 per share hybrid capital raise combining a rights issue and public offer.
According to NGX, Champion Breweries’ rights issue accounted for 931.71 million shares out of the 994.2 million offered at N16.00 per share, reflecting near-full participation by existing shareholders.
The listing lifts Champion Breweries’ total issued and fully paid-up shares to 11.32 billion, representing a sharp 26.5% increase from 8.95 billion shares prior to the transaction.
The public offer meant to woo new investors recorded only 55.01% subscription, with 1.44 billion shares taken up out of 2.63 billion offered.
The pricing, set at N16 per share, may not have provided sufficient discount or upside incentive to lure aggressive new demand, as the stock traded at a discount compared to the offer price. In recent times, investors have shown a significant preference for value or dividend-yielding stocks, especially in defensive sectors.
Champion Breweries embarked on a two-step capital-raising programme aimed at strengthening its balance sheet and supporting its strategic expansion plans.
As of Friday, April 17, 2026, the share price of the stock was trading at N14.50, down from N15.00 the previous day.
The stock began the year with a share price of N14.00 and has since gained about 7.14% on that price valuation.
With 11.3 billion shares outstanding valued at N170 billion as of Friday, April 17, 2026, Champion Breweries is currently the 50th most valuable stock on NGX, about 0.125% of the equity market value.
