{"id":319,"date":"2021-02-01T20:42:27","date_gmt":"2021-02-01T20:42:27","guid":{"rendered":"https:\/\/mydailybells.com.ng\/businessbells\/?p=319"},"modified":"2021-02-01T20:42:27","modified_gmt":"2021-02-01T20:42:27","slug":"transcorp-begins-n10bn-rights-issue-listing","status":"publish","type":"post","link":"https:\/\/mydailybells.com.ng\/businessbells\/transcorp-begins-n10bn-rights-issue-listing\/","title":{"rendered":"Transcorp Begins N10bn Rights Issue Listing"},"content":{"rendered":"<h6><span style=\"color: #ff0000;\"><strong>Transcorp Hotels Plc has commemorated the listing of its Rights Issue of 2,642,124,511 additional Ordinary Shares valued at N10 Billion on the floor of The Nigerian Stock Exchange.<\/strong><\/span><\/h6>\n<p>&nbsp;<\/p>\n<p>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\u2019s trading to a close.<\/p>\n<p>&nbsp;<\/p>\n<p>Speaking at the ceremony, the Chief Executive Officer, NSE, Mr Oscar Onyema, stated, \u201cOn behalf of the National Council and Management of the Exchange, I congratulate the board and management of Transcorp Hotels Plc for their laudable commitment towards the sustained growth of this reputable brand.<\/p>\n<p>&nbsp;<\/p>\n<p>\u201cTranscorp Hotels Plc\u2019s successful capital raise with a Rights Issue of 2,642,124,511 additional Ordinary Shares which was 99.3 per cent subscribed despite the prevailing macro-economic challenges is highly commendable.<\/p>\n<p>&nbsp;<\/p>\n<p>\u201cAt 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\u2019s products and services to support their growth trajectory.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>Olusola, on the hand, said, \u201cI 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 N10bn Rights Issue and listing of 2.64bn ordinary shares.<\/p>\n<p>&nbsp;<\/p>\n<p>\u201cThe 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 of the efficacy of our initiatives and we thank you for your belief in us. Moving forward, we are optimistic about 2021 and we have begun the year in a strong position.<\/p>\n<p>&nbsp;<\/p>\n<p>\u201cWe will continue to deepen our share and expand our market leveraging best in class technology and providing the highest service standard across our locations.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Transcorp Hotels Plc has commemorated the listing of its Rights Issue of 2,642,124,511 additional Ordinary Shares valued at N10 Billion on the floor of The Nigerian Stock Exchange. &nbsp; 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 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":320,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[43],"tags":[153,152],"class_list":["post-319","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-capital-market","tag-n10bn-rights-issue-listing","tag-transcorp"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Transcorp Begins N10bn Rights Issue Listing &#8212; Business Bells<\/title>\n<meta name=\"description\" content=\"Transcorp Hotels Plc has commemorated the listing of its 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