Trans-Nationwide Express Plc has announced a bonus issue to its shareholders for the period ended 31 December 2021.
This was disclosed by the company in a corporate action announcement published on the Nigerian Exchange.
According to the document seen by Investogist, “A bonus issue of 1 (one) new share for every 16 (sixteen) existing shares currently held by shareholders.”
This will amount to 29,302,945 shares of the company and is subject to approval at the company’s next Annual General Meeting.
The qualification date for the bonus share is Friday, 3rd June, 2022. Trans-Nationwide Express Plc has 468.85 million outstanding shares with a market capitalization of N379.77 million as at close of trading on Thursday.
The share price has remained flat at N0.81 per share since December 6, 2021.
The Company’s Annual General Meeting will be held at Shoregate Hotels, No. 29, Joel Ogunnaike Street, Ikeja GRA, Lagos on Wednesday, 15th June, 2022 at 11.a.m. Its Registrar is Cardinalstone Registrars Limited.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.