Trans-Nationwide Express to Expand Logistics Business with N238.6b Rights Issue
Trans-Nationwide Express Plc (Tranex) has informed its shareholders that its rights issue which opened on Monday, July 24, 2017 will be channels to business expansion, to set on a growth trajectory in the logistics sector.
Tranex is a wholly owned Nigerian Logistics Company engaged in domestic and International Express delivery, haulage, freight and other ancillary transportation and storage services.
The company in a statement published on the official website of the Nigerian Stock Exchange on Friday also informed shareholders that the rights issue of 298.23 million ordinary shares of 50 kobo each at 80 kobo per share is on the basis of three new ordinary shares for every two ordinary shares held as at the close of business January 25, 2017.
Tranex Managing Director/CEO, Chidinma E Iheme encouraged shareholders to take advantage of this unique opportunity to increase their holdings in the Company.
She said the rights issue, billed to close on Wednesday, August 30, 2017, will further enhance profitability and shareholders’ value.
Related Posts
Stanbic IBTC backs PenCom reforms to enhance Nigeria’s pension system
Stanbic IBTC Pension Managers Limited, a key subsidiary of Stanbic IBTC Holdings PLC, has publicly reaffirmed its strong…
By
AFC partners with Lagos Fashion Week 2025 to boost creative economy
Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has announced its partnership with Lagos Fashion Week…
Angola Cables names Samuel Carvalho as TelCables Europe CEO
Angola Cables has appointed Samuel Carvalho, its current Chief Marketing Officer, as the new CEO of its European…
Zipline hits 700,000 deliveries in medical drone system
Zipline, a global leader in drone delivery, has achieved a remarkable milestone of 700,000 autonomous deliveries worldwide, with…
Gallery
