Punch Newspapers
Sections
Johnson Okafor
The Nigerian Stock Exchange has listed 2.64bn ordinary shares of Transcorp Hotel Plc on the Daily Official List of the Exchange.
According to a report obtained from the Exchange, the additional shares listed on the Exchange arose from the company’s rights issue of 2.66bn ordinary shares of 50 kobo each at N3.76 kobo per share on the basis of seven new ordinary shares for 20 ordinary shares held as at July 13, 2020.
The rights issue was 99.34 per cent subscribed. With this listing of the additional 2.64 billion ordinary shares, the total issued and fully paid-up shares of Transcorp Hotel has now increased from 7.60 billion to 10.24 billion ordinary shares of 50 kobo each.