Transnational Corporation Plc (Transcorp) has successfully completed a share capital reconstruction, reducing its total issued shares by 75%. This strategic move, aimed at maximizing long-term shareholder value, involved consolidating shares at a ratio of 1 to 4.
“This share reconstruction is in line with the Company’s corporate strategy and growth plan and is aimed at maximizing shareholder value,” said Owen Omogiafo, President of Transcorp Group.
Omogiafo emphasized that the company’s focus remains on driving growth and creating value for shareholders. Transcorp Power Plc and Transafam Power Limited, key subsidiaries of the group, contribute significantly to Nigeria’s power generation capacity.
With this capital restructuring, Transcorp aims to optimize its capital structure and position itself for future growth. The company remains committed to developing Nigeria’s domestic energy value chain and expanding its renewable energy initiatives.
