The Nigerian Exchange (NGX) Regulation Limited has officially announced the activation of trading for Trans-Nationwide Express Plc’s Rights Issue in a notification signed by Godstime Iwenekhai, Head of the Issuer Regulation Department at NGX Regulation Limited.
According to the notice, the sale of rights commenced on Monday, November 3, 2025.
The Rights Issue offers a significant opportunity for existing shareholders to increase their stake in the company:
Offer Size: A total of 498,150,077 ordinary shares of 50 Kobo each are being offered at N1.05 per share.
Ratio: one (1) new ordinary share for every existing one (1) ordinary share held by investors as of the close of business on Tuesday, January 7, 2025.
Key Dates
- Opening Date: November 3, 2025
- Closing Date: December 11, 2025
- Qualification date: January 7, 2025
Symbol Code: The rights are trading under the symbol code RR25TRANEX.
The registrars overseeing the process are Cardinalstone Registrars Limited.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
