The Board of Directors of Transcorp Hotels Plc, subsidiary of Transnational Corporation Plc, has approved the proposal of the management team to pay dividend to shareholders for the financial year ended December 31, 2023.
The board also apptoved the appointment of a new Non-Executive Director, Oluwatoyin Madein.
Resolution of the Board of Directors of Transcorp Hotels Plc was passed at the Board
Meeting held on Tuesday, March 5, 2023, at No.1 Aguiyi Ironsi Street, Maitama, Abuja Via Zoom.
Also, the audited financial statements for the year ended December 31, 2023, was approved.
Meanwhile, the Closed Period for trading on the shares of the Company by Insiders, which commenced on 1 January 2024 will remain in force until 24 hours after the filing of the Audited Financial Statements.
Transcorp Hotels Plc is the hospitality subsidiary of Transnational Corporation Plc (Transcorp Group), one of Nigeria’s largest conglomerates. Transcorp Hotels Plc aims to build choice hospitality assets across Africa, building a strong footprint in the most populous cities across West Africa.
