Transcorp Power Plc’s Managing Director, Peter Ikenga, Purchases 98,000 Shares

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In a notable move, Transcorp Power Plc’s Managing Director, Peter Ikenga, has taken a significant step by purchasing 98,000 shares of the company. This transaction, occurring on March 18, 2024, at the company’s headquarters in Lagos, highlights Ikenga’s confidence in the organization’s future prospects. The purchase, executed at a price of N380.50 per share, reflects both Ikenga’s belief in Transcorp Power’s trajectory and his commitment to its success.

 

The transaction, as disclosed by the company’s Company Secretary, Stanley Chikwendu, indicates an aggregate volume of 250,000 shares at the aforementioned price. With this purchase, Ikenga not only demonstrates his faith in Transcorp Power Plc’s growth but also aligns his interests with those of the shareholders.

 

This move comes at a pivotal time for Transcorp Power Plc, a leading player in Nigeria’s energy sector. With a diverse portfolio spanning power generation, distribution, and transmission, the company has been instrumental in driving Nigeria’s energy transformation agenda. Under Ikenga’s leadership, Transcorp Power has embarked on ambitious initiatives to enhance its operational efficiency, expand its capacity, and capitalize on emerging opportunities in the dynamic energy landscape.

 

Peter Ikenga’s decision to acquire additional shares underscores his unwavering commitment to advancing Transcorp Power Plc’s strategic objectives and delivering sustainable value to its stakeholders. As the company continues its journey of growth and innovation, Ikenga’s leadership and investment further solidify its position as a pioneering force in Nigeria’s power sector.


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