Champion Breweries has commenced its rights issue of 994,221,766 shares to existing shareholders.
The rights issue is on the basis of one (1) new share for every nine (9) existing shares held as of September 4, 2025.
The Champion Breweries rights issue, which opened on Monday, November 24, is expected to close on Monday, January 5, 2026.
This Rights Issue represents the first phase of a two (2) step capital raise by Champion Breweries, with a Public Offer to follow shortly.
Read also: Champion Breweries conducts signing ceremony for proposed N15.9bn rights issue
The proceeds will be utilised to fund the strategic acquisition of the Bullet brand.
“The Rights Circular will be distributed to shareholders by the Registrars to the Offer, Africa Prudential Plc.
“The Rights Issue will become tradeable on the floor of the Exchange upon completion of the required documentation with the Exchange. “Shareholders are encouraged to participate through the NGX Invest platform,” the company said.
Recently at the company’s “Facts Behind the Figures” session on the Nigerian Exchange (NGX), Champion Breweries noted that to support the acquisition and future expansion, it launches a N58 billion capital raise programme – N42 billion public offer and N16 billion rights issue). Proceeds are earmarked for funding the Bullet deal, working capital, market expansion, and sustainability investments.
Funds will also support technology upgrades such as Enterprise Resource Planning (ERP) systems and returnable packaging solutions, alongside renewable energy and logistics transformation.
The deal is expected to contribute more than 70 percent of Champion’s topline and significantly expand the Company’s foreign currency earnings across 14 African markets.
Read also: How Access Bank spent the N351 billion raised from its rights issue
Champion Breweries Plc had projected more than a five-fold increase in revenue and over ten times growth in profit after tax (PAT) following the acquisition of Bullet, Nigeria’s No. 1 ready-to-drink (RTD) alcoholic brand.
In H1 2025, Champion Breweries Plc recorded a 111 percent surge in revenue and a 692 percent turnaround in profit after tax, reflecting disciplined execution and positioning the business for sustained growth alongside the Bullet acquisition.
“This is a transformative moment for Champion Breweries,” said Inalegwu Adoga, Managing Director of Champion. “Bullet gives us scale, high-margin growth, and international reach. With this acquisition, we are evolving from a strong regional brewer into a multi-market, multi-category growth platform with international relevance.”
