Nigerian Breweries PLC has commenced a Rights Issue of 22,607,491,232 Ordinary Shares at N26.50 per share on the basis of Eleven (11) new ordinary shares for every Five (5) ordinary shares held as of Friday, 12th of July, 2024.
According to Futureview Research, this Offer is currently ongoing and will close on Friday, 11th of October, 2024.
As an existing shareholder, this is a prime opportunity to expand your investment in one of Nigeria’s leading companies. New investors are also welcome to participate by acquiring Traded Rights through the Stockbroking firm.
Nigeria Breweries was incorporated in 1946 in Nigeria and has pulled an impressive growth over the years having enjoyed dominance in the Nigeria beverage market. Available data shows that from a Turnover of 86.322million in 2007, it has grown to a turnover of 599.507 billion in 2023.
Though profit dropped to 10.584 billion in 2023 from 12.979 billion recorded in 2022, it is a commendable growth from 10.901 million in 2007.
Against a challenging macro-economic environment marked by rising inflation and FX volatility amongst others, Nigerian Breweries Plc has posted a revenue of N227 billion for its first quarter ended 31st March 2024, an increase of 84% versus the corresponding period in 2023.
According to African Markets, Nigerian Breweries Plc was listed in Nigerian Stock Exchange (NGX) on September 5th, 1973. It is currently the 27th most valuable stock on the NGX with a market capitalization of NGN 300 billion, which makes about 0.532% of the Nigerian Stock Exchange equity market.
The current share price of Nigerian Breweries (NB) is NGN 29.20. NB closed its last trading day (Wednesday, October 2, 2024) at 29.20 NGN per share on the Nigerian Stock Exchange (NGX). Nigerian Breweries began the year with a share price of 36.00 NGN but has since lost 18.9% off that price valuation, ranking it 137th on the NGX in terms of year-to-date performance.
The current share price of Nigerian Breweries (NB) is NGN 29.20. NB closed its last trading day (Wednesday, October 2, 2024) at 29.20 NGN per share on the Nigerian Stock Exchange (NGX). Nigerian Breweries began the year with a share price of 36.00 NGN but has since lost 18.9% off that price valuation, ranking it 137th on the NGX in terms of year-to-date performance.
Nigerian Breweries is the 48th most traded stock on the Nigerian Stock Exchange over the past three months (Jul 4 – Oct 2, 2024). NB has traded a total volume of 114 million shares—in 5,590 deals—valued at NGN 3.29 billion over the period, with an average of 1.82 million traded shares per session. A volume high of 17.2 million was achieved on July 25th, and a low of 191,780 on August 22nd, for the same period.
Interested investors should contact Futureview Group
