Champion Breweries Plc has proposed a restructuring that would establish Champion Brands Limited as the new parent company of the group, reflecting its evolution into a broader, multi-category African beverage business.
Under the proposed Scheme of Arrangement, Champion Brands Limited will be re-registered as a public limited liability company, Champion Brands Plc, and become the group’s new parent company listed on Nigerian Exchange Limited.
Champion Breweries Plc will become its subsidiary and be delisted, while enJOYbev B.V., whose portfolio includes the Bullet range of beverages, will also become a direct subsidiary of Champion Brands. Under the Scheme, existing shareholders will receive one Champion Brands share for every Champion Breweries share held, preserving their proportionate ownership. The restructuring remains subject to the necessary approvals.
Under the proposed scheme, shareholders of Champion Breweries will exchange their existing shares for an equivalent number of fully paid ordinary shares in Champion Brands, maintaining their
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