TransCentury Group PLC Announces New Shares at the NSE

by Digital Brainiacs
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TransCentury Group Plc (TC) has announced the commencement of trading of its new ordinary shares from the recently concluded rights issue on the Nairobi Securities Exchange (NSE) starting from April 26th, 2023. The rights issue
generated funds from the sale of 752,825,555 new ordinary shares, showcasing strong investor confidence in TransCentury Group’s prospects. The company’s Chairman, Shaka Kariuki, and CEO, Nganga Njiinu were present at the NSE to ring the bell, signifying the start of trade in the shares.

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Expressing his delight in the successful completion of the rights issue and the commencement of trading in the new shares, TC Chairman, Shaka Kariuki stated, “We express our gratitude to our investors for their confidence in our business, as evident by their investment in the recently concluded rights issue. This capital infusion will facilitate the reduction of debt, thus unlocking additional working capital for our subsidiary businesses. We are taking…

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