Transcorp Plc has successfully completed a share reconstruction aimed at optimizing shareholder value. The process involved a 1-to-4 share consolidation, reducing the total number of issued shares from 40.6 billion to 10.2 billion. While the number of shares decreased, the total value of shareholders’ investments remains unchanged.
Owen D. Omogiafo OON, President/GCEO of Transcorp Plc, explained that the share reconstruction aligns with the company’s strategic growth plan and is designed to enhance shareholder value. The move is expected to simplify the company’s capital structure.
Transcorp Plc remains dedicated to driving growth and delivering value to its shareholders through strategic initiatives.
