TRANSCORP Hotels Plc has listed its Rights Issue of 2,642,124,511 additional Ordinary Shares valued at N10 billion on the floor of The Nigerian Stock Exchange (NSE).
The listing was commemorated with a digital Closing Gong Ceremony at the NSE where the Managing Director/Chief Executive Officer, Transcorp Hotels, Mrs Dupe Olushola had the honour of bringing the day’s trading to a close.
Speaking at the ceremony, the Chief Executive Officer, NSE, Mr. Oscar N. Onyema stated, “On behalf of the National Council and Management of The Exchange, I congratulate the board and management of Transcorp Hotel’s plc for their laudable commitment towards the sustained growth of this reputable brand. Transcorp Hotels Plc’s successful capital raise with a Rights Issue of 2,642,124,511 additional Ordinary Shares which was 99.3% subscribed despite the prevailing macro-economic challenges is highly commendable. At The Exchange, we remain committed to providing issuers with a platform that allows them to meet their strategic business objectives and it is our delight to see listed companies take full advantage of the NSE’s products and services to support their growth trajectory.”
On her part, Mrs Olusola commented, “I express my deep appreciation to the NSE, other regulators, market operators and of course, our shareholders for their support in the successful completion of our N10 Billion Rights Issue and listing of 2.64 billion ordinary shares. The past year has been a challenging one given the impact of the COVID-19 pandemic on the hospitality sector, and that Transcorp Hotels has not only survived but is firmly on the road to recovery is a testament to the efficacy of our initiatives and we thank you for your belief ins us. Moving forward, we are optimistic about 2021 and we have begun the year in a strong position. We will continue to deepen our share and expand our market leveraging best in class technology and providing the highest service standard across our locations.”
YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE
INEC Lists Five Challenges Ahead Of 2023 Elections
AS politicians step up horse-trading ahead of subsequent elections, the Independent National Electoral Commission (INEC) has listed five main areas of likely challenges…
Who Succeeds IGP Mohammed Adamu?
As the February retirement date of the incumbent Inspector General of Police (IGP), Mohammed Adamu draws near, there are varying permutations on who steps in as the new police boss. SUNDAY ADEPOJU writes on the suspense over the…
After Two Years, Daddy Freeze Apologises To Bishop Oyedepo
Daddy Freeze whose real name is Ifedayo Olarinde has apologised to Bishop Oyedepo who is the presiding bishop and founder of Living Faith Church aka Winners Chapel…
Are you feeling constantly fatigued, experiencing shortness of breath, or noticing pale skin? These could…
The Nigeria’s Minister of Education, Dr Tunji Alausa has congratulated Professor Oladapo Ashiru on his…
THE National Association of Nigeria Travel Agencies (NANTA) is in talks with the management of…
The vice chancellor of the University of Ibadan, Professor Kayode O. Adebowale, has vowed the…
What happens when a token delivers what others only promised? That’s the exact disruption Qubetics…
VICE Chancellor of the University of Lagos (UNILAG), Professor Folasade Ogunsola has reaffirmed the university’s…
This website uses cookies.