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Jennete Ugo Anya
- January 6, 2025
Long-Term Funding Drives ₦5.1trn In New Listings On NGX
The pursuit of long-term funding fuelled the listing of three major companies—Transcorp Power Plc, Aradel Holdings Plc, and Haldane McCall Plc—on the Nigerian Exchange (NGX) in 2024, contributing a combined ₦5.1 trillion to the market’s capitalisation. This influx has significantly deepened the equities market and enhanced investor confidence. Transcorp Power Plc, a subsidiary of Transnational […]
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- December 27, 2024
SEC Approves HH Capital’s MTO For Transcorp Shares
The Securities and Exchange Commission (SEC) has officially approved HH Capital Limited’s mandatory tender offer (MTO) for shares of Transnational Corporation Plc (Transcorp), marking a significant regulatory milestone in the ongoing shareholder restructuring of the conglomerate. With this approval, HH Capital is set to tender 2,032,399 shares, representing 0.02 percent of Transcorp’s total outstanding shares, […]
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- December 24, 2024
SEC Approves Elumelu, Heirs Holdings’ Plan To Increase Stake In Transcorp To 35.94%
The Securities and Exchange Commission (SEC) has granted approval to Mr.Tony Elumelu, Dr. (Mrs.) Awele Vivien Elumelu, and Heirs Holdings Limited to increase their combined shareholding in Transnational Corporation (Transcorp) Plc to 35.94 percent. This move, achieved through direct and indirect share purchases, underscores a significant consolidation of control within one of Nigeria’s leading conglomerates. […]
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- November 19, 2024
Transcorp Plc Completes Successful Share Reconstruction
In a move aimed at enhancing long-term shareholder value, Transnational Corporation (Transcorp) Plc, one of Nigeria’s foremost conglomerates, has recently completed a successful share reconstruction. This strategic initiative aligns with the company’s growth trajectory and its goal of maximising value for its investors. The share reconstruction involved consolidating the company’s total issued shares at a […]
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