Nigerian Breweries Plc has announced the successful listing of 20,706,894,542 new ordinary shares of 50 Kobo each on the Nigerian Exchange Limited (NGX).
This development follows the company’s recently concluded Rights Issue of 22,607,491,232 ordinary shares at N26.50 per share.
This was contained in the company’s notice to the Nigerian Exchange Limited (NGX) signed by the Company Secretary Uaboi G. Agbebaku.
The listing, effective Monday, December 30, 2024, increases the total outstanding shares of the company on the NGX from 10,276,132,378 to 30,983,026,920 ordinary shares of 50 Kobo each.
Nigerian Breweries Plc recently announced that it has received clearance from the Securities and Exchange Commission (SEC) for the allotment of 20,706,894,542 ordinary shares of 50 Kobo each, priced at N26.50 per share, under its recently concluded Rights Issue.
According to the statement, the Rights Issue recorded an impressive 91.59 per cent subscription rate.
The shares will be credited to the Central Securities Clearing System (CSCS) accounts of successful allottees who provided their account details on their acceptance forms. This process will be executed by the company’s registrar, First Registrars & Investor Services Limited, located in Iganmu, Lagos, no later than Wednesday, December 18, 2024.
For subscribers who provided surplus funds, refunds will be processed by First Registrars within the same timeframe, ensuring all surplus subscription monies are returned promptly.
Applicants without CSCS accounts will also have their shares credited through the creation of a Registrar Identification Number (RIN), in compliance with the SEC’s directive on the dematerialization of share certificates.
