Transcorp Power Plc, a subsidiary of Transnational Corporation Plc, on Monday, March 4, 2024, listed on the Main Board of the Nigerian Stock Exchange (NGX).
This significant achievement was commemorated with a closing gong ceremony held at the corporate head office of the NGX in Lagos.
Entering the market at N240 per share, Transcorp Power traded over 10.56 billion shares, closing its first day of trading at N264 per share.
In a statement on Monday, the company indicated that there will be a “Facts Behind the Listing” at NGX Group House at 2:45pm, where the Management of TP Plc, led by the Chief Executive Officer, Peter Ikenga, will provide information to Trading License Holders, Analysts, Press and Investors about the listing and the Company.
Following this listing, the Transcorp Group now have two subsidiaries, Transcorp Hotels Plc and Transcorp Power Plc, listed on the NGX, demonstrating its commitment to creating value for the Nigerian public and catalyzing economic growth in Nigeria, the statement said.
United Capital Investment Banking and Securities served as Lead Financial Advisor in this successful listing.
