Transcorp Hotel Lists Additional Shares Arising from Rights Issue of 2.64bn Ordinary Shares

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Transcorp Hotel Lists Additional Shares Arising from Rights Issue of 2.64bn Ordinary Shares
Transcorp Hotels-Brand Spur Nigeria
2,642,124,511 ordinary shares of Transcorp Hotel Plc were listed on the Daily Official List of The Nigerian Stock Exchange on Monday, 18 January 2021.

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.

Transcorp Hotel Lists Additional Shares Arising from Rights Issue of 2.64bn Ordinary Shares