Transcorp Hotels Plc Proposed Rights Issue of 2,659,574,468 Now Open


Monday October 12, 2020 / 09:19 AM / by NSE/ Header Image Credit: The Nation


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We refer to our Market Bulletin of 14 July 2020, with reference number: NSE/RD/LRD/MB35/20/07/14.


Transcorp Hotels Plc's 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 (Rights Issue), has opened for subscription.


The Rights Issue will be traded on the basis of Seven (7) new ordinary shares for every Twenty (20) ordinary shares held as at 13 July 2020.


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Graph - One Year Share Price Movement

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Table:  Q2 2020 Unaudited Results

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