Transcorp Hotels Seeks to Raise N10bn from Existing Shareholders

Transcorp Hotel Lists Additional Shares Arising from Rights Issue of 2.64bn Ordinary Shares
Transcorp Hotels-Brand Spur Nigeria

Dealing Members are hereby notified that Transcorp Hotels Plc has through its Stockbroker, United Capital Securities Limited, submitted an application to The Nigerian Stock Exchange (NSE) for the approval and listing of a Rights Issue of Two Billion, Six Hundred and Fifty-Nine Million, Five Hundred and Seventy-Four Thousand, Four Hundred and Sixty-Eight (2,659,574,468) Ordinary Shares of Fifty Kobo (N0.50) each at Three Naira and Seventy-Six Kobo (N3.76) per share, on the basis of Seven (7) new ordinary shares for every Twenty (20) ordinary shares held.

The Qualification Date for the Rights Issue is Monday, 13 July 2020.