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Trans-Nationwide Express Plc Right Issue to Close on Wednesday August 30, 2017

Proshare

Friday /25th August 2017/ 9:50 AM/ NSE 

This is to inform the investing public, particularly the shareholders of Trans-Nationwide Express Plc. that the above referenced Rights Issue which opened on Monday, July 24, 2017 will close on Wednesday, August 30, 2017
 

The Issue is on the basis of three (3) new ordinary shares for every two (2) ordinary shares held as at the close of business January 25, 2017. The Rights, being undertaken to raise capital for business expansion, would help to set the Company on a growth trajectory in the logistics sector. It will further enhance profitability and shareholders’ value.
 

The shareholders are therefore   encouraged   to take advantage   of this unique opportunity to increase their holdings in the Company.
 

Shareholders, who are yet to get the Rights Circular, should contact the Issuing House, Meristem Securities Limited or the Registrars, Cardinalstone Registrars Limited.


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