NGX lists Nigerian Breweries’ 20.7bn ordinary shares

Nigeria Exchange Limited, NGX, has listed 20,706,894,542 ordinary shares of Nigerian Breweries, NB Plc.

The NB disclosed this in a statement made available to Vanguard yesterday stating: “The Board of Directors of Nigerian Breweries Plc, Nigeria’s foremost brewing company, has announced the official listing of a newly allotted 20,706,894,542 ordinary shares on the Nigerian Exchange Limited.”

According to the statement, “The allotted shares, which come at 50 kobo each, arose from the company’s Rights Issue of 22,607,491,232 ordinary shares of 50kobo each at N26.50 per share, which ended recently”.

The statement signed by NB’s Legal Director/ Company Secretary, Uaboi Agbebaku,  said further,  “ the allotted shares were formally listed on the Daily official list of the Nigerian Exchange Limited    on Monday, December 30th, 2024”.

Agbebaku noted that with this listing, the company’s total outstanding shares listed on the NGX have now increased from 10 276,132,378 ordinary shares to 30,983,026,920 ordinary shares of 50kobo each.

A member of the Heineken Group, Nigerian Breweries Plc is Nigeria’s pioneer and largest brewing company. Incorporated in 1946 as “Nigerian Brewery Limited,” the company made history in June 1949 when the first bottle of STAR lager beer rolled out of its Lagos brewery bottling line.