The Board of Directors of Transnational Corporation of Nigeria Plc (NSE ticker – TRANSCORP) will hold its 81st meeting on September 22, 2020 to “consider among other things certain price-sensitive information.”
This is according to the notice of closed period sent the Nigerian Stock Exchange (NSE), dated 7 September 2020 and singed by Chike Anikwe Group Company Secretary.
The company also announced the commencement of its closed period from “September 07, 2020 up to twenty-four (24) hours after the release of the price-sensitive information.”
It went further to state that “all insiders of the Company have been duly informed accordingly.”
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The company did not give indication of what the price sensitive information could be, but most of the listed companies on NSE are expected to commence the announcement of closed periods, in preparation for the release of 9 moths financial statements for the period ending 30 September 2020.
TRANSCORP in its H1 2020 financial statements reported revenue drop to N34.965 billion from N37.762 billion in H1 2019.
Similarly the profit for the period slumped to N778.197 million from N4.614 billion in H1 2019.
At the close of trading on Monday, TRANSCORP was 1.69% down to close at N0.58 per share.
The 52 week high and low prices are N1.18 and N0.51 per share respectively.
One month price movement and trading information
Source: NSE
On Monday total of 2,594,244 shares worth N1,513,124.18 were traded in 48 deals.
Last 7 Days Trades on TRANSCORP
Source: NSE
Written by;
Ifunanya Ikueze
