• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Opinions Blurb

Do You Own Transcorp Shares? Then Get Ready For A Rights Issue

Ugodre Obi-chukwu by Ugodre Obi-chukwu
February 26, 2013
in Blurb, Company News
Analysis: 10 Things You Need To Know About Transcorp 2013 Result
Share on FacebookShare on TwitterShare on Linkedin

Transcorp

 

The Transnational Corporation of Nigeria, Transcorp, announced today that it plans to increase its authorized share capital from N18billion to N22.5billion. It also plans to approve for its directors to issue 13billion ordinary new shares of 50kobo each by way of a rights issue. Transcorp shares price as at the day of announcement (25/2/2013) was N1.65.

RelatedStories

Transcorp posts 352% surge in profits as share reconstruction lifts sentiment  

SEC approves HH Capital mandatory tender offer for Transcorp shares  

December 25, 2024
CBN, forex

How Bank stocks have performed after their public offers and rights issues 

November 9, 2024

If they were to announce a rights issue today, the company will be raising about N21.4billion ($138.3million). Transcorp currently has a negative working capital of about N20b which I believe they plan to crash against their share premium. The new equity they plan to raise will help the company fund its major expansion programs especially in the area of Power, where they just won one a bid to acquire a stake in the Power Generation Companies.

The proportion for which the rights issue will be made has yet to be announced, however my bet is that it may be one new share for every four held in the company.

Tags: EARNINGS REPORTNews ReviewRights IssuesTranscorp plc
Ugodre Obi-chukwu

Ugodre Obi-chukwu

Ugo Obi-Chukwu "Ugodre" is the Founder, Publisher, and Chief Analyst of Nairametrics, a leading business and financial news online platform in Nigeria. Ugo is also the Chief Editor of the Nairametrics “Blurb” Opinion pages. Follow Ugodre on Twitter @ugodre and Instagram @ugodre Email: ugodre@nairametrics.com

Related Posts

Transcorp posts 352% surge in profits as share reconstruction lifts sentiment  
Equities

SEC approves HH Capital mandatory tender offer for Transcorp shares  

December 25, 2024
CBN, forex
Bank Recapitalization

How Bank stocks have performed after their public offers and rights issues 

November 9, 2024
Transcorp posts 352% surge in profits as share reconstruction lifts sentiment  
Company Results

Transcorp posts 352% surge in profits as share reconstruction lifts sentiment  

October 29, 2024
Transcorp Annual General Meeting, Transcorp financial result, Transcorp Hotel
Company Results

Transcorp Plc reports strong first half 2024 results; stock appears undervalued 

August 22, 2024
Transcorp Vs. UAC Nigeria
Blurb

Transcorp Vs. UAC Nigeria – Who navigated better in 2023?

June 14, 2024
Greener Tomorrow: Transcorp champions environmental project promoting waste management and recycling in local schools
Company News

Equity reconstruction: Transcorp proposes 1 for 4 share ratio to shareholders

May 4, 2024
Next Post

NFL VERDICT: WARRI WOLVES OWNS SUNDAY MBA

Comments 2

  1. ashawole funmilayo elizabeth says:
    April 14, 2013 at 10:05 pm

    What abt people dat have existing shares

    Reply
  2. Grace A. says:
    June 12, 2022 at 11:58 pm

    How can I claim my existing TRANSCORP shares?

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Nigerian Ehis Akhimie convicted in US for $6 million fraud, faces up to 20 years in prison 
  • Tin Can Customs Command generates N747 billion in H1 2025, up 29.85% from last year
  • 9mobile, MTN to roll out National Roaming nationwide before end of July 

Follow us on social media:

Recent News

Nigerian Ehis Akhimie convicted in US for $6 million fraud, faces up to 20 years in prison 

Nigerian Ehis Akhimie convicted in US for $6 million fraud, faces up to 20 years in prison 

July 3, 2025
Nigerian Custom service

Tin Can Customs Command generates N747 billion in H1 2025, up 29.85% from last year

July 3, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics