Shareholders have endorsed the expansion plans of Transcorp Hotels Plc even as they laud the management for the significant improvement in the financial performance of the company.
The shareholders expressed their satisfaction at the 2nd Annual General Meeting of Transcorp Hotels held in Abuja.
The shareholders also approved the recommendation by the Board of Directors of a 40.85kobo dividend per share.
Shareholders expressed confidence and support for the company’s expansion plan while commending the 100 per cent subscription achieved in the Transcorp’s N20 billion corporate bond offering during the year.
Briefing shareholders on the company’s performance, Olorogun O’tega Emerhor, Chairman, Transcorp Plc said the company grew by 20 per cent from N4.5billion in 2014 to N5.4billion in 2015, while total assets was up by 30 per cent from N70 billion to N91 billion within the same period.
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