| IPO Details |
| Company Profile |
| Summary of the Offer |
| Important Highlights |
| Important Dates |
| Advisers and Vendors |
| Historical Financials |
| IPO Prospectus |
| In the News |
| Name | Transnational Corporation of Nigeria Plc (Transcorp) |
| Security Type | Ordinary |
| Ticker | TRANSCORP |
| Reuters Code | |
| ISIN | NGTRANSCORP7 |
| Number of Employees | |
| Address | Transnational House |
| 11, Alfred Rewane Road | |
| Lagos, Nigeria | |
| Website | www.transcorpnigeria.com |
| Phone | +234-1-4716259 |
| Fax | |
| oonyeaso@transcorpnigeria.com | |
| Nature of Business | Transnational Corporation of Nigeria Plc (Transcorp) was incorporated on the 17th of November 2004 in response to the need to establish a Mega Corporation, created in Nigeria and owned by all Nigerians, which will respond to market opportunities that require heavy capital investment not just at home but in the sub African region and around the world. TransCorp will be the vehicle to reposition Nigeria in Africa and the world, as a nation ready to compete in global markets. TransCorp is made up of Nigerias most influential business people and most successful businesses. House hold names and the Nations premier brands are all part of TransCorp |
| Offer Type | Initial Public Offering | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Offer Method | Offer for Subscription | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Purpose | This Offer is a critical next step in TransCorp's strategic road map. The Company intends to use the net proceeds of the IPO to expand its existing businesses and enter into new business areas as outlined in its strategic plan. After deducting the estimated costs and expenses of approximately N3.0 billion (representing 5% of the gross Offer proceeds of N60.0 billion), the net proceeds will be approximately N57.0 billion. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Utilization of Proceeds | The net proceeds of approximately N57.0 billion would be applied as follows:
The Directors of TransCorp consider that the amount being raised through this Offering will provide sufficient long-term finance and working capital to fund the Company's present activities and achieve the objectives outlined in this Prospectus. |
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| Target Investors | The Offer is open to individuals, financial and non-financial institutions, companies, treasuries and societies. The Offer is also open to the participation of foreign and non-resident investors. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Par Value of each share | NGN 0.50 |
| Authorised Share Capital | 36,000,000,000 |
| Fully Paid Share Capital | 18,553,905,526 |
| Shares Offered for Sale | 8,000,000,000 |
| % of Fully Paid Shares Offered for Sale | 43.12% |
| Offer Price per Share | NGN 7.50 |
| Price Earning (PE) Ratio at Offer Price | |
| Dividend Yield at Offer Price | -- |
| Offer Open Date | Wednesday, Dec 27, 2006 |
| Offer Close Date | Thursday, Feb 15, 2007 |
| Allocation Begin Date | Wednesday, Feb 14, 2007 |
| Allocations End Date | Wednesday, Mar 14, 2007 |
| Results of Allocation Announced | Monday, Mar 26, 2007 |
| Crediting of CDS Accounts with Shares | Wednesday, April 11, 2007 |
| Dispatch of Share Certificates | Wednesday, April 11, 2007 |
| Crediting refunds through electronic funds transfer | Wednesday, Mar 28, 2007 |
| Dispatch of refund checks (if applicable) | Wednesday, Mar 28, 2007 |
| Commencement of Trading on Nigeria Stock Exchange | Monday, April 30, 2007 |
| Key Numbers | |
| Fiscal Year End | December |
| Currency | -- (--) |
| Sales (in millions) | -- |
| 1 Year Sales Growth | -- |
| Annual Income Summary (in millions except EPS data) | ||||
| -- | -- | -- | April 30, 2006 | |
| Sales | -- | -- | -- | -- |
| Pre-Tax Income | -- | -- | -- | -1,995.11 |
| Net Income | -- | -- | -- | -1,995.11 |
| Average Shares | -- | -- | -- | 25.00 |
| EPS | -- | -- | -- | -79.80 |
| Total DPS | -- | -- | -- | -- |
| Quarterly Income Summary (in millions except EPS data) | ||||
| -- | -- | -- | -- | |
| Sales | -- | -- | -- | -- |
| Cost of Goods | -- | -- | -- | -- |
| Gross Profit | -- | -- | -- | -- |
| Pretax Income | -- | -- | -- | -- |
| Net Income | -- | -- | -- | -- |
| Average Shares | -- | -- | -- | -- |
| EPS | -- | -- | -- | -- |
| Annual Balance Sheet Summary (in millions) | ||||
| -- | -- | -- | April 30, 2006 | |
| Cash & Equivalents | -- | -- | -- | 540.22 |
| Total Current Assets | -- | -- | -- | 9,300.21 |
| Total Liabilities | -- | -- | -- | 8,947.80 |
| Share Holder Equity | -- | -- | -- | 16,804.22 |
| Long Term Debt | -- | -- | -- | -- |
| Annual Consolidated Cash Flow (in millions) | ||||
| -- | -- | -- | April 30, 2006 | |
| Net cash flows generated from (used in) in operating activities | -- | -- | -- | 160.96 |
| Net cash flows generated from (used in) in investing activities | -- | -- | -- | -14,355.51 |
| Net cash flows generated from (used in) in financing activities | -- | -- | -- | 15,056.69 |
Transcorp IPO Prospectus |
| Transnational Corporation of Nigeria Plc |
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Transcorp Abridged Prospectus |
| Transnational Corporation of Nigeria Plc |
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Transcorp Fast Facts |
| Transnational Corporation of Nigeria Plc |
| TransCorp Initial Public Offering Opens Today |
| Transnational Corporation of Nigeria Plc - 28 Dec, 2006 |
| The historic N60 billion initial public offering of Transnational Corporation of Nigeria Plc. opens today. The eagerly awaited IPO is packaged as a special Christmas gift from the business group to Nigerians with the resonating themes ‘100% Nigeria . 100% World Class.’ and ‘It’s Yours. Take it Back.’ TransCorp currently owns the TransCorp Hilton Hotel, Nigeria’s most successful lodging, conference and leisure location, and NITEL, the leading telecommunications company. The company is offering 8 billion ordinary shares to the public at N7.50 each. The issuing houses to the offer are Union Capital Markets Limited, UBA Global Markets, Wema Asset Management Limited, Skye Bank Plc., Intercontinental Capital Markets Limited, BGL Limited and Vetiva Capital Management. The offer closes in the February 2007. The prospectus and application forms, as well as instructions for investors resident outside Nigeria will be available on the TransCorp website as from the first week in January, 2007. |
| TransCorp Holds Completion Board Meeting, Opens IPO on December 27, 2006. |
| Transnational Corporation of Nigeria Plc - 18 Dec, 2006 |
| Transnational Corporation of Nigeria Plc (TransCorp) today held its Completion Board Meeting in respect of its proposed Initial Public Offering (IPO). The ceremony was held at the Grand Banquet Hall of the Lagos Civic Centre, Victoria Island Lagos. |
| TransCorp holds All Parties Meeting |
| Transnational Corporation of Nigeria Plc - 11 Dec, 2006 |
| TransCorp held an All Parties Meeting at the Golden Gate Hotel, Ikoyi, Lagos to discuss all the issues related to quotation, pricing, accounting, marketing, fund raising strategies among other matters for its forthcoming initial public offering (IPO). |
| TransCorp Lists 18 Billion Common Shares on the Nigerian Stock Exchange |
| Transnational Corporation of Nigeria Plc - 23 Nov, 2006 |
| Transnational Corporation of Nigeria Plc (TransCorp) announced today that its shares are now listed on the Nigerian Stock Exchange. The company recently got the approval of the Council of the Nigerian Stock Exchange for the listing of 18, 553,000,000 shares on the Exchange. |
| TRANSNATIONAL CORPORATION OF NIGERIA PLC (TRANSCORP) |
| Nigerian Stock Exchange - 22 Nov, 2006 |
| LISTING BY INTRODUCTION OF TRANSNATIONAL CORPORATION OF NIGERIA PLC 18,553,905,526 Ordinary Shares of 50 kobo each at N6.00 per share on Thursday, November 23, 2006. |
| TransCorp Welcomes EFCC Investigation into Equity Ownership |
| Transnational Corporation of Nigeria Plc - 12 Sep, 2006 |
| Transnational Corporation of Nigeria Plc (TransCorp) announced today that it welcomes the visit and investigations of the Economic and Financial Crimes Commission (EFCC) into the operations of the conglomerate. |
| TransCorp Announces Payment for NITEL/M-TEL |
| Transnational Corporation of Nigeria Plc - 31 Aug, 2006 |
| Transnational Corporation of Nigeria Plc (TransCorp) announced today that it has paid N63 Billion (US $500 Million) to the Bureau of Public Enterprises (BPE) in respect of its acquisition of majority shareholding in the Nigerian Telecommunications Limited (NITEL). |
| TransCorp Appoints New Directors |
| Transnational Corporation of Nigeria Plc - 25 Aug, 2006 |
| Transnational Corporation Plc, (TransCorp) Nigeria’s global multinational player, has announced new appointments to the Company’s Board of Directors. The new appointees are Alhaji Munir M. Jaafaru, Dr. Adeniyi Ogunkoya and Mr. Anthony Chukwunonye Ofili. Both Alhaji Jaafaru and Dr. Ogunkoya are non executive Directors while Mr. Ofili is an Executive Director with responsibility for Finance and Administration. |
| TransCorp IPO Closing Date Extended to February 15, 2007 |
| Transnational Corporation of Nigeria Plc - 16 Jan, 2007 |
| The Securities and Exchange Commission (SEC) has granted its approval to a request by TransCorp for the extension of the closing date of its initial public offering (IPO). The offer will now end on Thursday, February 15, 2007. |
| TransCorp Local & Foreign Road Shows Kick Off with visit to the city of Nnewi, 'the Japan of Africa' |
| Transnational Corporation of Nigeria Plc - 28 Dec, 2006 |
| The TransCorp Local Road Show Train took off in Nnewi today. The road shows are organized by TransCorp as intimate meetings between the company’s senior management and investors, and provide an ideal forum for the presentation of the company’s value proposition. |