CHAMPION Breweries Plc announced it has listed N1.23 billion worth of shares on the Daily Official List, DOL of the Nigerian Stock Exchange, NSE.
“Dealing Members are hereby notified that 629,496,464 ordinary shares of Champion Breweries Plc at N1.85 per share were on 18 May 2015 listed on The Daily Official List of The Exchange,” the company said in an issuer’s announcement with the NSE.
According to the company, this is subsequent to the conclusion of its Placing exercise. ”With the Placing of this of 629,496,464 Units of ordinary shares, the total issued and fully paid up shares of Champion Breweries Plc will now increase from 7,200,000,000 Units to 7,829,496,464 Units ordinary shares,” the beer maker added.
In a related development, Sovereign Trust Insurance Plc (STI) last week said its N1.15 billion rights issue was 64.13 percent subscribed, the company said in an issuer’s announcement with the Nigerian Stock Exchange (NSE).
Following this, on May 14, 2015, STI listed 1,469,065,902 ordinary shares on the Daily Official List (DOL) of the NSE.
With this supplementary listing the total issued and fully paid up shares of the insurer on the Nigerian bourse is now 8,340,823,296 ordinary shares.
STI on Wednesday February 14, 2015 opened a N1.15 billion additional capital raising to support its medium-term growth plan by offering to its existing shareholders, a total of 2,290,585,798, (Two Billion Two Hundred and Ninety Million, Five Hundred and Eighty-Five Thousand, Seven Hundred and Ninety-Eight units of ordinary shares at 50 kobo each on the basis of one (1) new ordinary share for every three (3) ordinary shares of 50 kobo held in the company as at the close of register during the last Annual General Meeting (AGM) of the company.


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