Champion Breweries Meets NGX Free Float Provision

Champion Breweries Plc has notified the investing public that it has received confirmation from NGX Regulation Limited (NGX RegCo) that it is now in full compliance with the minimum free float requirement for companies listed on the Main Board of Nigerian Exchange Limited (NGX).

The clearance came as the company successfully increased its free float to above 20 per cent.

Hence, the below listing standard (BLS) compliance status indicator previously displayed beside the company’s name across the NGX platforms will be removed by NGX RegCo.

The development follows the recently concluded public offer and rights issue, which has enabled the company to meet the requirements of Rule 3.1.4 of the Exchange’s Rules Governing Free Float Requirements, well ahead of the extended deadline of 31 October 2026, earlier approved by the Nigerian Exchange Group (NGX).