Nigerian Breweries Plc has announced the successful completion of its Rights Issue, receiving clearance from the Securities and Exchange Commission (SEC) for the allotment of 20,706,894,542 ordinary shares of 50 Kobo each at N26.50 per share.
The Rights Issue was subscribed to by 91.59%.
Also, the Company has confirmed that the Registrars, First Registrars & Investor Services Limited, will credit the Central Securities Clearing System (CSCS) accounts of successful allottees who provided their CSCS account details on their acceptance forms by Wednesday, December 18, 2024.
According to the notification signed by the company secretary Uaboi AGBEBAKU, FCIS, “surplus subscription monies would be returned by First Registrars no later than Wednesday, 18th December 2024, being five (5) business days after clearance of the basis of allotment by the SEC.
Applicants without CSCS accounts will have their shares credited at the CSCS using a Registrar Identification Number (RIN), in line with the SEC Directive on Dematerialization of Share Certificates, not later than Wednesday, 18th December 2024.
First Registrars will refund surplus subscription monies to shareholders within the same timeframe.
Meanwhile, NB noted that for applicants without CSCS accounts, shares will be credited using a Registrar Identification Number (RIN) in compliance with the SEC’s directive on the dematerialization of share certificates.”
