Nigerian Breweries extends rights issue deadline to October 18, blame public holidays

Oct. 11, 2024 - Nairametrics

Nigerian Breweries has announced an extension of its ongoing rights issue, initially launched on September 2, 2024, and originally set to close on September 11, 2024. The company revealed this update through a disclosure on the Nigerian Exchange (NGX) platform on September 10, 2024.

This move aims to give shareholders more time and flexibility to participate in the rights issue. BackgroundIn August 2024, Nigerian Breweries received the necessary approvals from the Securities and Exchange Commission (SEC) and NGX Regulation Limited to proceed with its rights issue.

Through this rights issue, Nigerian Breweries aims to raise approximately N599.1 billion.

..