HH Capital Limited, owned by the billionaire investor, Tony Elumelu, Chairman, United Bank for Africa (UBA), has acquired 9,697,189,984 units of shares of Transnational Corporation of Nigeria Plc, otherwise known as Transcorp Plc, thus bringing his total shareholding in the company to 9,991,173, 177 units, amounting to 25.58 percent of Transcorp Plc outstanding shares.
This was contained in the notice sent to the Nigerian Exchange Group (NGX) by Funmi Olofintuyi, acting company secretary of Transcorp Plc.
“In compliance with Chapter 17, Rule 17.13 of the NGX Issuers Rules, Transnational Corporation Plc (the Company) hereby informs the Nigerian Exchange Limited (NGX) and the investing public of the below new acquisition of shares in the Company.
“With this new acquisition, HH Capital Limited now holds a total of 9,991,173,177 units, representing 25.58% of the Company’s total shares,” Olofintuyi said.
She added that the recent acquisitions of Transcorp Plc shares, demonstrated the level of confidence the investing public has in the company, noting that Transcorp will continue to show unwavering commitment to stakeholders’ returns, premised on the ideology of Africapitalism.
Transcorp Plc operates in the hospitality, power, oil and gas sectors.