Champion Breweries Plc has officially announced the results of its recent rights issue, stating that the total subscription reached N14.91bn. This announcement follows clearance from the Securities and Exchange Commission, and the rights offer recorded a notable subscription rate of 93.71%. The company offered 994,221,766 ordinary shares at N16.00 each, with the offer structured as one new ordinary share for every nine ordinary shares held as of September 4, 2025.

The firm reported receiving a total of 170 acceptances for 931,712,324 ordinary shares under the rights issue, and all applications were deemed valid and processed without any rejections. The successful uptake of the shares showcases strong investor confidence in Champion Breweries, which could lead to further investments and expansion plans for the company.

The outcome of this rights issue potentially positions Champion Breweries for enhanced growth in the competitive brewing sector in Nigeria. With such a significant number of shares subscribed, it also reflects the company's strategic direction and its ability to attract capital for future endeavors, emphasizing the overall positive sentiment among its shareholders and the market.