Wetin dey happen, my people? Champion Breweries don come waka enter big news as dem announce dia recent rights issue wey don bring dem N14.91 billion! You fit imagine? Forget am, na wetin we sabi as beer no dey carry last!
For one advert wey dem post for The PUNCH, dem talk say di Securities and Exchange Commission don give dem green light, and dem don record 93.71 percent subscription rate for di rights issue. Na serious matter biko!
Wetin dem come do be say dem offer 994,221,766 ordinary shares for 50 kobo each at N16.00 per share. E mean say if you get nine shares before, you fit collect one new share. But I no be accountant o, wetin I sabi be say na correct investment dem dey offer!
According to di big boys wey run di company, dem don receive 170 acceptances for 931,712,324 ordinary shares. Na serious collection wey show say Nigerians dey ready to put dia money where di mouth dey!
Dem confirm say dem no reject anybody application, so all shares wey dem collect na valid shares. If you be shareholder wey don dey follow dem since, your money go still dey intact!
See e, out of di total wey dem collect, some shareholders don fully accept dia rights while small part don partially accept. We go dey talk say 86,647,475 shares don fully renounce, but dem still get plenty shares to distribute. Na wah!
As e be so, dem go credit all di shares to di CSCS accounts of di shareholders by Feb 12, 2026. Make you ready your account well-well because di Registrar, Africa Prudential Plc, go handle am as everything dey go smooth.
If you no fit collect anything, no wahala! Di money wey dem supposed collect go fall back into di validated bank accounts of di shareholders by di same day wey dem go credit di allotment.
Na Rand Merchant Bank dey handle di transaction as di Lead Issuing House, while plenty other banks dey join body as Joint Issuing Houses. This one na teamwork wey we sabi for Naija!
So my people, this na di level wey Champion Breweries dey run matter. E be like say dem go dey grow like our pounded yam, e no go fit stop! Abeg no forget to invest well and keep your eyes dey shine for news like dis.
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