Transcorp list IPO shares

Proshare

August 29, 2007/PY

 

 

 

QUESTION:

Could you please give me an idea of when Transcorp will be released from the suspension they are in now. Thanks.
 

Proshare Subscriber

 

ANSWER:

Proshare, Thanks for your inquiry,

 

We will list the shares sold during the IPO on the NSE on Thursday August 30, 2007. Mailing of certificates by the Registrars is ongoing.

 

 

Adedayo Ojo

 

Vice President & Head, Corporate Affairs

Transnational Corporation Nigeria Plc

Phone .+234 (1)2691024-5. 2695173.4630274
 
 

 
COMMENT:

According to the exchange, Transcorp will be off technical suspension after the shares from the IPO are listed.
 
 
They had initially lifted the suspension 2 weeks after the offer closed, and then put it back on suspension, their reason - “an over zealous staff took it off suspension”.
 
 

 
Since they will be listing the shares tomorrow we expect suspension to be lifted immediately. But do not be surprised if it is not taken off suspension. 

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