October 12, 2020/NSE

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.