Transnational Corporation Plc (Transcorp) announced that Dr. Awele V. Elumelu has acquired N2.06 billion worth of shares in the company, representing 5.076% of the total outstanding shares.
The announcement was made on May 12 2023, which was made in compliance with Chapter 17, Rule 17.13 of the NGX Issuers Rules, was directed towards the Nigerian Exchange Limited (NGX) and the investing public.
The acquisition of shares by Dr. Awele V. Elumelu is a testament to the confidence the investing public has in Transcorp’s leadership and management. In a previous communication, Transcorp expressed its commitment to delivering superior stakeholders’ returns, anchored in its ideology of Africapitalism.
Transcorp’s strategy of making strategic investments in key sectors within the Nigerian economy has been pivotal to the company’s success in transforming Africa and contributing positively towards building prosperity for all. With the acquisition of shares by Dr. Awele V. Elumelu, Transcorp is poised to continue making strides in its quest to remain at the forefront of Nigeria’s economic transformation.
Dr. Awele V. Elumelu is a seasoned investor and entrepreneur, with a track record of success in various sectors of the economy. Her acquisition of shares in Transcorp further strengthens the company’s leadership and positions it for sustained growth.
Transcorp’s announcement of the acquisition of shares by Dr. Awele V. Elumelu is a clear indication of the confidence the investing public has in the company’s leadership and management. It is also a testament to Transcorp’s unwavering commitment to superior stakeholders’ returns and its ideology of Africapitalism. With its continued investments in key sectors within the Nigerian economy, Transcorp is well-positioned to continue transforming Africa and contributing positively towards building prosperity for all.