Champion Breweries Meets NGX Free Float

Champion Breweries Plc has achieved full compliance with the Nigerian Exchange Limited's (NGX) minimum free float requirement, increasing its free float to over 20 percent. This follows a successful capital-raising program, including a public offer and rights issue, which expanded the company's shareholder base. As a result, the 'Below Listing Standard' indicator will be removed from Champion Breweries Plc's name on NGX platforms. The capital raises, approved by the Nigeria===Securities and Exchange Commission (Nigeria), are in the final stages of share crediting through the Central Securities Clearing System. Beyond regulatory compliance, the funds raised were primarily used for the acquisition of the Bullet brand portfolio, aiming to strengthen Champion Breweries Plc's product lineup and market presence in Nigeria and other African markets. This development is expected to improve trading liquidity, attract more investors, and position Champion Breweries Plc for future growth in the competitive beverage industry.