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Nigerian Exchange Limited

Transcorp Hotel Lists Additional Shares of 2,642,124,511

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Transcorp hotel

Transcorp Hotel Lists Additional Shares of 2,642,124,511

Transcorp Hotel Plc listed additional 2,642,124,511 ordinary shares on the Nigerian Stock Exchange (NSE) last week.

The additional shares listed on The Exchange arose from the Company’s Rights Issue of 2,659,574,468 ordinary shares of 50 kobo each at N3.76 Kobo per share on the basis of seven (7) new ordinary shares for every twenty (20) ordinary shares held as at Monday, 13 July 2020.

The Rights Issue was 99.34% subscribed. With this listing of the additional 2,642,124,511 ordinary shares, the total issued and fully paid up shares of Transcorp Hotel Plc has now increased from 7,600,403,900 to 10,242,528,411 ordinary shares of 50 kobo each.

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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