Transnational Corporation Plc (Transcorp Group) has successfully completed a major share capital restructuring, reducing its total issued shares by 75%, from 40.6 billion to 10.2 billion.
This consolidation, announced by the Group’s President, Owen Omogiafo, on Monday, aims to enhance long-term shareholder value without affecting the total worth of their investments.
The share reduction was achieved by consolidating shares on a 1-for-4 basis, an approach intended to streamline the company’s capital structure.
Omogiafo explained that this move aligns with Transcorp’s corporate strategy, focused on growth and sustainable shareholder returns.
“This share reconstruction is a key part of our growth plan and reflects our commitment to maximizing shareholder value,” Omogiafo stated. He highlighted that the restructuring would also bring Transcorp’s capital structure to a more efficient and manageable level.
Omogiafo further emphasized Transcorp’s dedication to driving growth and creating value, with energy subsidiaries Transcorp Power Plc and Transafam Power Limited contributing over 20% of Nigeria’s installed power capacity.
The Group’s investment strategy, he noted, focuses on expanding the domestic energy value chain and advancing renewable energy initiatives.
With the share restructuring now complete, Transcorp is positioned for future growth, aiming to preserve shareholder value while aligning with its business objectives.
