At the Extra-ordinary General Meeting (EGM) of Champion Breweries Plc held on Thursday July 24, the shareholders authorised among others for the company to raise additional debt capital of up to N45billion directly and/or indirectly by such means as the Board may deem appropriate.
This will be through a special purpose vehicle, issuance of securities comprising convertible and/or non-convertible notes, green bonds, hybrid securities, or a combination of these or any other instruments, in the Nigerian and/or international capital markets.
Subject to obtaining the relevant regulatory approvals, the debt capital raising will either be as a standalone issue(s) or by the establishment of capital raising programme(s), whether by way of public offerings, private placements, and/or other transaction modes.