Backing an Ambitious Expansion Drive
The approvals were granted at an Extraordinary General Meeting (EGM) held virtually on Thursday, reflecting shareholder confidence in the brewery’s long-term vision. According to a company statement released Friday, the capital raise will provide the financial muscle needed to fund an aggressive expansion strategy, drive innovation, and strengthen the balance sheet.
Champion Breweries, majority-owned by EnjoyCorp Limited, plans to deploy the funds toward a suite of strategic initiatives including brand acquisitions, operational enhancements, and eco-friendly distribution expansion. These moves are aimed at increasing market share and bolstering its competitiveness in Nigeria’s evolving beverage sector.
Strategic Capital Deployment
The resolutions passed at the EGM also include the acquisition of select intellectual property and brand assets, which will diversify Champion’s product portfolio and improve operational efficiency. These strategic assets are expected to not only expand the company's consumer base but also enhance its value proposition in a crowded market.
Board Chairman Imo Jacob described the shareholder approval as a “pivotal step” in the brewery’s growth journey. “This capital raise empowers us to fast-track growth, launch premium innovations, and deepen market presence,” he said. He emphasized that the expansion efforts would be carried out with a strong commitment to sustainability, quality, and long-term shareholder value.
A New Chapter of Resilience and Growth
Champion Breweries' Managing Director, Inalegwu Adoga, reinforced the company’s readiness to enter its next phase of growth, stating:
“Champion Breweries has consistently demonstrated resilience and potential, even as previous challenges required a stabilization phase. With this new era of industrial growth, we are poised to evolve beyond shelf presence to create meaningful market impact.”
Adoga’s remarks reflect the company’s broader ambitions—to transform from a stable player into a catalyst for cultural and economic value within the Nigerian beverage ecosystem.
Robust Shareholder Engagement and Governance
The virtual EGM, conducted with full electronic and proxy voting options, recorded strong shareholder participation, underscoring investor trust in the board’s vision. In accordance with regulatory requirements, the company’s Register of Members was closed from July 7 to July 10, 2025, to ensure proper meeting logistics and governance compliance.
The board also expressed appreciation to shareholders for their steadfast support and reiterated its commitment to prudent capital deployment, expanded operational capacity, and consistent returns.
A Defining Moment in Champion’s Transformation
This development marks a significant milestone in Champion Breweries’ ongoing transformation, aligning with EnjoyCorp’s strategic commitment to reposition the brand for growth, innovation, and long-term relevance.
With the Nigerian beverage sector undergoing rapid change, this capital injection places Champion Breweries in a stronger position to seize emerging opportunities, scale production, and solidify its leadership in a competitive market.