Nigerian Breweries Plc has notified shareholders and the Nigerian Exchange Limited that the Acceptance Period for its Rights Issue, which opened on 2nd September 2024 and was initially scheduled to close on 11th October 2024, has been extended to 18th October 2024, following the approval of the Securities and Exchange Commission.
The extension of the Acceptance Period is intended to accommodate the normal working days activities that were disrupted by public holidays observed during the initially scheduled period. This extension aims to provide shareholders with ample opportunity and time to subscribe to their Rights.
During the extended period, dealings by the Company’s insiders on the Company’s shares will continue to be strictly limited to participation in the Rights Issue as earlier approved by the NGX. This is in accordance with the non-dealing period regarding the Company’s Unaudited Financial Statements for the period ended 30th September 2024.
