The Capital Markets Authority (CMA) has granted approval to TransCentury Plc (“TC”) to undertake a rights issue The rights will be issued on the basis of five (5) new ordinary shares for every one (1) existing share as approved in the last shareholder meeting.
Funds from the Rights Issue will go towards supporting the last phase of TransCentury’s turnaround plan, recapitalizing our business, reducing debt, and unlocking working capital for underlying businesses.
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