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Transnational Corporation of Nigeria Plc Proposed Extraordinary General Meeting

Category: Investors NewsBeat

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Transnational Corporation of Nigeria Plc Proposed Extraordinary General Meeting

February 25, 2013/NSE

Transnational Corporation of Nigeria Plc has notified The Nigerian Stock Exchange of the decision of its Board of Directors to convene an Extraordinary General Meeting (EGM).

The EGM is scheduled to take place on Thursday, March 28, 2013 at Lagos Oriental Hotel, 3, Lekki Road, Victoria Island Lagos at 10.00 a.m.

The Company intends to, amongst others, pass Resolutions to increase the authorized share capital of the Company from N18 billion to N22.55 billion ordinary shares of 50 kobo each by the creation of 9 billion new ordinary shares of 50 kobo each and to authorize the Directors to issue up to 13 billion ordinary shares of 50 kobo each from the Company’s share capital by way of Rights Issue in such proportion, at such time, for such consideration and upon such terms and conditions as the Directors may deem fit.

Tags: Transnational Corporation of Nigeria Plc,  Nigerian Stock Exchange,  EGM,  Oriental Hotel,  Lagos, 

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