Breaking: Transcorp Power Set to List with N1.8 Trillion Market Cap

Transcorp Power, one of Nigeria’s leading energy companies, has unveiled plans to list on the Nigerian Exchange Limited (NGX), with a significant market capitalisation pegged at N1.8 trillion.

In a statement obtained by EnergyPlanets, Transcorp Power announced its intention to introduce 7,500,000,000 Ordinary Shares, each valued at 50 kobo, at a price of N240.00 per share. This move is aimed at expanding the company’s reach and enhancing its market visibility.

The eagerly anticipated listing ceremony is slated to take place on the March 4, 2024, at the Nigerian Exchange Limited.

Speaking on the development, a representative of Transcorp Power expressed enthusiasm, stating, “We are delighted to announce that the Facts Behind the Listing and Closing Gong Ceremony of Transcorp Power Plc to commemorate the Listing by Introduction of 7,500,000,000 Ordinary Shares of 50 kobo each at N240.00 per share on Nigerian Exchange Limited is scheduled for Monday, 04 March 2024.”

The listing of Transcorp Power marks a significant milestone in the company’s journey towards further growth and expansion within Nigeria’s dynamic energy sector.

More details later…