The Securities and Exchange Commission (SEC) has approved a one-week extension for the Transnational Corporation of Nigeria (Transcorp) rights issue to enable wider shareholder participation. Transcorp is issuing 12.906 billion shares of 50 kobo each at N1 per share via rights issue to raise fresh funds to finance its power […]
Tag: Rights Issue
Oando raises N55.2bn in rights issue
Oando Plc raised N55.2bn in its recently concluded rights issue. A statement from Oando on Monday noted that the company recorded an over subscription as it had issued 4.548 billion shares to existing shareholders at N12 per share between December 2012 and February 2013 with the intention of raising N54.6bn. […]
TRANSCORP shareholders Endorse Rights Issue
By Our Correspondent Lagos (INVESTADVOCATE)-Shareholders of Transnational Corporation of Nigeria (TRANSCORP), Thursday endorsed the Company’s proposed Rights issue. Shareholders of the Company endorsed this at its Extraordinary General Meeting (EGM) held in Lagos Nigeria. Late last month, the firm in a Notice to the Nigerian Stock Exchange (NSE) […]
