Champion Breweries Plc has announced that its Board of Directors will meet on Friday, November 7, 2025, to deliberate on key corporate matters, including the approval of the company’s audited financial statements for the half-year period ended June 30, 2025.
The Company Secretary, Tosan Atle Aiboni, disclosed this in a corporate notice circulated to the Nigerian Exchange Limited (NGX) and the investing public on Thursday.
According to Aiboni, “This is to notify the shareholders of Champion Breweries Plc (the Company), Nigerian Exchange Limited (NGX) and the investing public that a meeting of the Board of Directors of the Company has been scheduled to hold on Friday November 7, 2025, to among other items, consider and approve the Audited Financial Statements for the period ended June 30, 2025 (2025 H1 AFS) in line with the Securities and Exchange Commission’s directive with respect to the Company’s proposed capital raise transaction.”
The company also reaffirmed that a Closed Period—a mandatory blackout window restricting trading in the company’s securities—remains in effect. The Closed Period commenced on November 1, 2025, and will continue until 24 hours after the financial statements are formally released to the investing public.
Aiboni stressed that all insiders must strictly comply with this directive, stating:
“Consequently, no insider of the Company and their connected persons shall deal in the products of the Company or with sensitive information, directly or indirectly, during this Closed Period.”
The Closed Period rule is in accordance with Rule 17:18(a) of the NGX Rulebook, designed to prevent the unlawful use of undisclosed financial information.
News.ng reports that Champion Breweries is expected to make further announcements after the Board meeting, particularly regarding its proposed capital raise initiative and financial performance outlook.
