Transcorp Hotels Plc 2021 Annual Report - FINAL (1)

Five-Year Financial Summary

GROUP 2021 2020 2019 2018 2017
STATEMENT OF FINANCIAL POSITION N‘000 N‘000 N‘000 N‘000 N‘000
Assets
Non-current assets 106,245,806 107,929,396 108,776,561 105,444,729 92,047,452
Current assets
Total assets 9,643,920 4,993,936 5,969,706 5,832,857 8,485,087

115,889,726 112,923,332 114,746,267 111,277,586 100,532,539

Equity 5,121,264 5,121,264 3,800,202 3,800,202 3,800,202
Issued capital 12,548,859 12,548,859 4,034,411 4,034,411 4,034,411
Share premium 44,577,786 43,433,861 49,710,434 49,626,894 47,099,673
Retained earnings
Equity attributable to equity holders of the 62,247,909 61,103,984 57,545,047 57,461,507 54,934,286
parent (27,684) (1,075) (2,130) (298) 840
Non-controlling interests
Total equity 62,220,225 61,102,909 57,542,917 57,461,209 54,935,126

Liabilities

Non-current liabilities 28,039,657 23,526,306 34,649,473 33,931,045 30,646,683
19,885,332 14,950,730
Current liabilities 25,629,844 28,294,117 22,553,877 53,816,377 45,597,413
111,277,586 100,532,539
Total liabilities 53,669,501 51,820,423 57,203,350
17,424,966 13,843,470
Total equity and liabilities 115,889,726 112,923,332 114,746,267 5,041,581 3,680,155
(998,422)
(1,327,885) 2,681,733
3,713,696
STATEMENT OF PROFIT OR LOSS



Revenue 21,742,192 10,158,154 20,404,533

Profit before taxation 1,662,611 (8,934,377) 1,124,233

Taxation (545,295) 2,664,769 (510,497)

Profit after taxation 1,117,316 (6,269,608) 613,736

Earnings per share (Kobo) 11.17 (76.55) 8.06 48.89 35.30
- Basic
Net Asset per share (Kobo) 6.07 7.46 7.57 7.56 7.23
- Basic 7.00 - 7.00 15.00 12.46
Dividend per share (Kobo)

Earnings per share is based on profit for the year and the number of issued and fully paid ordinary shares at the end of each financial
year.

Net assets per share is based on net assets and the number of issued and fully paid ordinary shares at the end of each financial year.


TRANSCORP HOTELS PLC // 2021 ANNUAL REPORT 145

Five-Year Financial Summary I

COMPANY 2021 2020 2019 2018 2017
STATEMENT OF FINANCIAL POSITION N‘000 N‘000 N‘000 N‘000 N‘000
Assets
Non-current assets 103,289,743 105,560,501 106,361,373 103,063,443 89,490,274
Current assets
Total assets 9,666,801 4,995,548 5,884,679 5,722,247 8,412,232

112,956,544 110,556,049 112,246,052 108,785,690 97,902,506

Equity 5,121,264 5,121,264 3,800,202 3,800,202 3,800,202
Issued capital 12,548,859 12,548,859 4,034,411 4,034,411 4,034,411
Share premium 44,347,486 43,773,111 49,904,570 49,802,915 47,111,055
Retained earnings 62,017,609 61,443,234 57,739,183 57,637,528 54,945,668
Total equity

Liabilities

Non-current liabilities 25,629,657 21,116,306 32,239,473 31,521,045 28,236,684
19,627,117 14,720,154
Current liabilities 25,309,278 27,996,509 22,267,396 51,148,162 42,956,838
108,785,690 97,902,506
Total liabilities 50,938,935 49,112,815 54,506,869

Total equity and liabilities 112,956,544 110,556,049 112,246,052







STATEMENT OF PROFIT OR LOSS



Revenue 20,883,277 9,647,364 19,499,897 16,475,720 12,962,580

Profit before taxation 1,111,722 (8,743,483) 1,133,926 5,187,367 3,608,645

Taxation (537,347) 2,612,024 (500,243) (1,311,067) (968,648)

Profit after taxation 574,375 (6,131,459) 633,683 3,876,300 2,639,997

Earnings per share (Kobo)

- Basic 5.61 (74.85) 8.34 51.00 34.73

Net Asset per share (Kobo)

- Basic 6.05 7.50 7.60 7.58 7.23

Dividend per share (Kobo) 7.00 - 7.00 15.00 12.46



Earnings per share is based on profit for the year and the number of issued and fully paid ordinary shares at the end of each financial

year.

Net assets per share is based on net assets and the number of issued and fully paid ordinary shares at the end of each financial year.

146 TRANSCORP HOTELS PLC // 2021 ANNUAL REPORT

NOTICE OF ANNUAL GENERAL MEETING
OF TRANSCORP HOTELS PLCNOTICE OF ANNUAL GENERAL MEETING OF TRANSCORP HOTELS PLC

NttohOehTofIooNCldlnOlEo,oTIwMSInCi,nHoEMgEnIRodSbEnauBHdysYEi,anRGAyeE,pIsBVAsYreiEpl sNG4r:i,lIt4V2h,0Ea22Nt02t2,th2hae,ata8tTttrthaThrenaAsnn8csntochuropaArplnHGnHilteuioltnaonelnrAGaAbelbuMnujeaejar,ea,1tl1i,nM,AgAegg(eu“utAiyiinyGiigIIrMroo(“n”n)AssiioGSSfttMrrTeer”aee)ntto,,sMcMf oTaarraipittanaHsmmcoaoate,r,plAsAbPHbulocujatjae(,“,lFstFh.CP.eCl.cT.CTa(oa“tmtt1h10pe0.a0.C00n0oya”ma.)m.pims.ats.onctyhotr”ea)tdrnaisusnalsesccadhtcetdtuhleedfotlloowhoinldg
businesses:

ORDINARY BUSINESS
O1.RDTIoNlAaRyYbBeUfoSrIeNEthSeS members, the Audited Financial Statements of the Company for the year ended December 31, 2021,

1to. getherTwoitlhaythbeeRfeoproerttshoef mtheemDirbeecrtso,rst,hAeuAdiutodrsitaenddFAinuadnitcCiaolmSmtaittteeme tehnetrseoonf.the Company for the year ended December 31,

2. To de2c0la2r1e,atodgiveidtehnedr .with the Reports of the Directors, Auditors and Audit Committee thereon.

23.. To apTporodveecthlaeraepapodinivtimdeenntdo.f Ms. Bolanle Onagoruwa as a Director of the Company.
34.. To re-TeoleactptpherofvoellotwhiengaDpirpeoctinotrsmreetniritnogfbMy rso. tBaotiloann: le Onagoruwa as a Director of the Company.

a. Mrs. Owen Omogiafo; and
4. b. To Mrer-.eAlleecxatnthdeerfAodlloeyweimngi. Directors retiring by rotation:
daius ctbahlo..o sreisethteheMMreDmrr.isr.euAOncleetwoxraraestnitnoodnOfeioxmrftAhMoedgarenieaaymfegouem;nrasei.onrafdttiohen
5 To of the Auditors for the 2022 financial year.
6 To Company.
57 To eleTcot amuetmhboerisrseotfhtheeDSitraetcuttoorrys Atoudixt Cthoemrmeimtteuen.eration of the Auditors for the 2022 nancial year.

6 To disclose the remuneration of Managers of the Company.

SPEC7IA L BUSINTEoSSelect members of the Statutory Audit Committee.

8 To consider and if thought fit, pass the following as ordinary resolutions:

SPECIAL BUSINESS
8 8onT8.ou1o.tt1“ca lTiomshntaihtsteiedtdho“eDTerrithroaeCcacnaortdtemortrsirhytfpsretuamhocnoCuatyuuytogrbidamnheegstpae,tnamthr,ednepoayiasrpDgshbpsaierertenorheicpzaebartnioyfatoidortalselnoui,smawthnrhieaondecrgyirsioneeadndbassetcyotreoucrdamcoiniutnridvotaaehanrpsyontcaprrieinensrs,eodowadplcuistruhtqitaiocouathnierniensy:o,vartoeehnrlseeddtrviivanibnen,uststaailnfaccreowcqsmssou, iraaardennrra,yyanonabcgrcueedtsiimonivwneeessin,tsshtitancefnarldxoune/dmyoricnrrigasceeanlberyourvytrbaunstinlaewsss,aanndy/

actions.” actions, including but not limited to restructuring, reorganization, reconstruction and such other business
arrangement exercise or actions.”

8.2 “That subject to regulatory approval (where necessary), the Directors, be and are hereby authorised to take

aea8xlpl.ep2sct oeuipntitnsingagt“naoTpdnhrtdoadaftoefkilessinasuigolabl nalajleacllslcttsasetudctpthvohsiaseftaroertnsrhgmdaeunsy,lddapdotpaoeapaeryremtllireasasnpocterhptcasdreototshtvcshaaauermtlyy(tediwnhneehtfesuye,mrtardhesneeemnreaceamnecycsseebnaseerosyacf,reruetyqhps)euso,airntaerhysbdeuoicwnvDhfeituiht,reretitnrhchmceetlsouraaadrspnni,ndpcgbrecoebopuonraitfadnntittedhoioetanalsuiamrttehhbitoaeohrtdievttieehrteeso,;binycaluudtihnogrisbeudt
Directors mnaoyt dliemeimtedaptporoepxrieacteu.”ting and ling all such forms, papers or documents, as may be required with the

appropriate authorities; appointing professional advisers and parties that they deem necessary, upon
9 To consider andsuifcthotuegrmhtsfiat, npdascs othnedfoitilolonwsintghaats tshpecDiairlerecstoolurstiomnas:y deem appropriate.”

9 9T.o1 “cTohantsipduersruaanndt toif Sthecotuiognh1t31t,apndasosththeer afpopllolicwaibnlge parsovspisieocnsia, ilf raensyo, louftitohnesC: ompanies and Allied Matters Act
290.210 (CAM“ATh),aatnpduArsrtuicalent12toofStehcetAiortnicl1e3s1ofaAnsdsocoiathtieonr aofptphelicCaobmlepapnryo,vtihsieonasu,thiforaisendy,shoafrethceapCitoaml opf athneies and Allied
CompanyMbeatatendrs iAs hcetre20b2y0re(dCuAcMedAf)r,omanNd7,A50rt0ic,0l0e0,10200o(fSethveenABritlliicolnesFivoef HAusnsodcreiadtMioinllioonfNthaeiraCoonmly)pdaivnidye, dthe authorised
into 15,000s,h00a0r,e00c0a,0p00itaorldoinfathryeshCaorems opfa5n0kyebaechantodNi5s,h12e1r,e2b64y,2r0e5d.5u0c(eFidvefrBoillmionN, O7,n5e00H,u0n0d0r,e0d00an(SdeTvweenntByilOlionne Five Hundred
Million, TwoMHiluliondnreNdaairandoSnixltyy)FdoiuvridTheodusianntod,1T5w,o00H0u,n0d0r0e,d00a0n,d00F0iveorNdainiraa,ryFifstyhaKorebsoo) df i5vi0dkedeainctoh1t0o,2N425,,512281,4,12164,205.50 (Five
Ordinary shBaillrieosno,fO50nkeeaHcuhnbdyrecdanacnedllinTgw4e,7n5t7y,4O71n,5e89Moirlldioinna,ryTwshoarHeus onfd5r0ekdeaacnhd, wShixitcyhFhoauver Tnhoot ubseaenndis,suTewdo.” Hundred and

Five Naira, Fifty Kobo) divided into 10,242,528,411 Ordinary shares of 50k each by cancelling 4,757,471,589
9.2 “That Colarduisnea6ryofsthhaerMees mofo5ra0nkdeuamcohf,Awsshoicciahtihoanvoef thneoCt bomeepnanisysubeeda.n”d is hereby amended and substituted

with the following:

9.2 “That Clause 6 of the Memorandum of Association of the Company be and is hereby amended and
The ShasurebsCtiatuptiteadl owf tithhe tChoemfpoallonywiisnNg5: ,T1h21e,2S6h4a,2r0e5.5C0a(pFivitealBoillifotnh, eOnCeoHmupndarneyd iasnNd5T,w12e1n,t2y6- 4,205.50 (Five Billion, One
One MHilluionnd, rTewdo aHnudndTrewdenatnyd-OSinxtey-FMoiullrioTnh,oTuwsaondH, uTnwdoreHdunadnredd Saixntdy-FFioveurNTahiorau, sFaifntydK, oTbwoo) Hundred and Five Naira,
dcaivpiditeadFcl fiafiontrpytotihKta1eo0lbt,fi2moo4r)e2t,d5bh2ieev8iind,t4gime11wdeOhinberdtteohiniena1rg0roy,rw2iSg4hhin2aea,r5telh2ose8ror,i4nfoc15r0r1iegkOainesreaaddclinhoinarwtroinyitshcSerhpveaeoarwraseeelscrdoltaoifns5sdte0oisvk”isd.eeeavetchrheawlshciatlahrespsseoinsw”t.heer to divide the shares in the

DateDdattheisd this 4dtahydoafyMoafrMchar2c0h222.0B2Y2.

ORDEBRY OOFRTDHEERBOOFATRHDE BOARD

Mrs. KMofros.OKloofkouOn-lOoklauwn-oOyilnawoyin
GroupGCrooumppCanoymSpeacnreytSaerycretary
FRC/2F0R2C1//020042/10/0000040/00203030205023325

TRANSCORP HOTELS PLC // 2021 ANNUAL REPORT 147

NOTES

1. COMPLIANCE WITH COVID-19 RELATED DIRECTIVES AND GUIDELINES
The Federal Government of Nigeria, State Governments, Health Authorities and Regulatory Agencies have

issued a number of guidelines and directives aimed at curbing the spread of COVID-19 in Nigeria. Due to the
restrictions on gathering and social distancing and the need to comply with these directives, the Corporate Affairs
Commission has approved that Annual General Meeting (AGM) should hold in accordance with the Corporate
Affairs Commission Guidelines on Holding AGM of Public Companies by Proxy. The convening and conduct of the
AGM shall be done in compliance with these directives and guidelines.

2. PROXY
Any member of the Company entitled to attend and vote at this meeting is also entitled to appoint a proxy to

attend and vote in his/her stead. A proxy need not be a member of the Company. For the appointment of the
proxy to be valid, a proxy form must be completed and deposited either at the ofce of the Company’s Registrar,
Africa Prudential Plc, 220B Ikorodu Road, Palmgrove, Lagos, or via email at [email protected] not later
than 48 hours before the time xed for the meeting. A blank proxy form is attached to the Annual Report and may
also be downloaded from the Company’s website at www.transcorphotelsplc.com

3. ATTENDANCE BY PROXY
In line with CAC Guidelines, attendance of the AGM shall be by proxy only. Shareholders are required to appoint

a proxy of their choice from the list of nominated proxies below:
a. Mr. Emmanuel N. Nnorom
b. Mrs. Modupe Olusola
c. Mrs. Kofo Olokun-Olawoyin
d. Mr. Akaninyene Obot
e. Mr. Eric Akinduro
f. Mr. Gafar Erinfolami
g. Mr. Ridhwan Hamza
h. Mr. Patrick Ajudua

4. STAMPING OF PROXY
The Company has made arrangement at its cost, for the stamping of the duly completed and signed proxy forms

submitted to the Company’s Registrars within the stipulated time.

5. LIVE STREAMING OF AGM
The AGM will be streamed live. This will enable shareholders and other stakeholders who will not be attending

physically to follow the proceedings. The link for the AGM live streaming will be made available on the Company's
website at www.transcorphotelsplc.com

6. DIVIDEND
If the dividend recommended by the Directors is approved by the shareholders at the AGM, dividend will be paid

by Tuesday, April 5, 2022, to the shareholders whose names appear in the Company’s Register of Members at the
close of business on Wednesday, March 23, 2022.

7. CLOSURE OF REGISTER
The Register of Members of the Company will be closed from Thursday, March 24, 2022, to Wednesday, March 30,

2022, (both dates inclusive) for the purpose of dividend payment and updating the register.

148 TRANSCORP HOTELS PLC // 2021 ANNUAL REPORT

8. NOMINATION TO THE AUDIT COMMITTEE
In accordance with Section 404(6) of the Companies and Allied Matters Act 2020 (CAMA), any member may

nominate a shareholder for election as a member of the Statutory Audit Committee by giving notice in writing of
such nomination to the Company Secretary at least 21 days before the AGM. Such notice of nominations should
be sent via email to [email protected] for the attention of the Company Secretary. CAMA further
provides that members of the Statutory Audit Committee should be nancially literate.
9. E-DIVIDEND REGISTRATION
Notice is hereby given to all shareholders to open bank accounts, stockbroking accounts and CSCS accounts
for the purpose of receiving dividend payments electronically. A detachable application form for e-dividend is
attached to the Annual Report to enable all shareholders furnish particulars of their accounts to the Registrar as
soon as possible.
10. UNCLAIMED DIVIDEND WARRANTS AND SHARE CERTIFICATES
Shareholders are hereby informed that a number of share certicates and dividend warrants which were returned
to the Registrars as unclaimed are still in the custody of the Registrars. Any shareholder affected by this notice is
advised to contact the Company’s Registrars, Africa Prudential Plc, 220B Ikorodu Road, Palmgrove, Lagos, or via
email at [email protected] to lay claim.
11. PROFILES OF DIRECTORS FOR APPOINTMENT AND RE-ELECTION
The proles of Ms. Bolanle Onagoruwa seeking appointment as a Director of the Company, Mrs. Owen
Omogiafo and Mr. Alexander Adeyemi who will be retiring by rotation and will be standing for re-election are
amongst the proles of Directors that are provided in the 2021 Annual Report and on the Company’s website at
www.transcorphotels.com
12. E- A NNUAL REPORT PUBLISHED ON THE WEBSITE
In order to improve delivery of our Annual Report, we have inserted a detachable form in the 2021 A nnual Report
and hereby request shareholders to complete the form by providing their contact and any other requested
details and thereafter return same to the Registrars for further processing. Additionally, an electronic version of the
2021 Annual Report is available on the Company’s website at www.transcorphotels.com
13. RIGHTS OF SHAREHOLDERS TO ASK QUESTIONS
Shareholders have a right to ask questions not only at the Meeting, but also in writing prior to the Meeting, and
such written questions must be submitted to the Company on or before Thursday, March 31, 2022.

TRANSCORP HOTELS PLC // 2021 ANNUAL REPORT 149

RC 248514

PROXY FORM

EIGHTH ANNUAL GENERAL MEETING OF TRANSCORP HOTELS PLC TO BE HELD ON MONDAY, 4TH APRIL,
2022 AT TRANSCORP HILTON ABUJA, 1 AGUIYI-IRONSI STREET, MAITAMA, ABUJA F.C.T.

I/WE RESOLUTION FOR AGAINST ABSTAIN

being a member/members of TRANSCORP HOTELS PLC, 1. To declare a dividend.

hereby appoint: 2. To approve the appointment of Ms. Bolanle Ongaruwa as a
Director of the Company.
or failing him, the Chairman of the meeting as my/our proxy to
act and vote for me/us and on my/our behalf at the Eighth 3.1. To re-elect Mrs. Owen Omogiafo, a Director retiring by
Annual General Meeting of the Company to be held on rotation.
Monday, April 4, 2022 at Transcorp Hilton Abuja, 1, Aguiyi
Ironsi Street, Maitama, Abuja, F.C.T at 10.00 a.m. and at any 3.2. To re-elect Mrs. Alexander Adeyemi, a Director retiring by
adjournment thereof. rotation.

A member (shareholder) who is unable to attend an Annual 4. To authorise the Directors to x the remumeration of the
General Meeting is allowed by law to vote by proxy. This proxy Auditors for the 2022 nancial year.
form has been prepared to enable you exercise your right to
vote, in case you cannot personally attend the meeting. 5. To elect members of the Statutory Audit Committee.

Please sign this proxy form and forward it, so as to reach the 6. To consider and if thought t, pass the following as ordinary
registered ofce of the Registrar, Africa Prudential Plc, 220B resolutions
Ikorodu Road, Palmgrove, Lagos, or via email at
[email protected] not later than 48 hours before the 6.1. “That the company be and is hereby authorised to invest in,
time xed for the meeting. If executed by a Corporation, the acquire, or divest from any business and/or carry out as the
Proxy Form must be under its common seal or under the hand Directors may deem appropriate and in accordance with
of a duly authorized ofcer or attorney. any relevant laws, any action, including but not limited to
restructuring, reorganisation, reconstruction and such other
It is a requirement of the law under the Stamp Duties Act, Cap business arrangement exercise or actions.”
S8, Laws of the Federation of Nigeria, 2004 that any instrument
of proxy to be used for the purpose of voting by any person 6.2. “That subject to regulatory approval (where necessary), the
entitled to vote at any meeting of shareholders must be Directors, be and are hereby authorised to take all steps and
stamped by the Commissioner for Stamp Duties. However, in do all acts that they deem necessary in furtherance of the
compliance with the CAC Guidelines for conduct of AGM by above, including but not limited to executing and lling all
Proxy, the Company has made arrangement at its cost, for the such forms, paper or documents, as may be required with
stamping of the duly completed and signed proxy forms the appropriate authorities; appointing professional advisers
submitted to the Company's Registrars. and parties that they deem necessary, upon such terms and
conditions that the Directors may deem appropriate.”
The Proxy must produce the admission card below to gain
entrance into the meeting. 7. To consider and if thought t, pass the following as special
resolutions

7.1. That pursuant to Section 131 and other applicable provisions,
if any, of the Companies and Allied Matters Act 2020 (CAMA),
and Article 12 of the Articles of Association of the company,
the authorised share capital of the company be and is hereby
reduced from N7,500,000,000 (Seven Billion Five Hundred Naira
only) divided into 15,000,000,000,000 ordinary shares of 5ok
each to N5,121,264,205.50 (Five Billion, One Hundred and
Twenty One Million, Two Hundred and Sixty Four Thousand, Two
Hundred and Five Naira, Fifty Kobo) divided into 10,242,528
Ordinary shares of 50K each by cancelling 4,757,471,589 ordi-
nary shares of 50k each, which have not been issued.

7.2. That Clause 6 of the Memorandum of Association of the co-
mpany be and is hereby amended and substituted with the
following:

“The Share Capital of the Company is N5,121,264,205.50
(Five Billion, One Hundred and Twenty-One Million, Two
Hundred and Sixty-Four Thousand, Two Hundred and Five
Naira, Fifty Kobo) divided into 10,242,528,411 Ordinary
Shares of 50k each with power to divide the shares in the
capital for the time being whether original or increased
into several classes”

Please indictae with an “X” in the appropriate square how you wish your votes to be cast on the resolutions
set out above. Unless otherwise instructed, the proxy will vote or abstain from voting at his/her discretion.

TRANSCORP HOTELS PLC

Eighth Annual General Meeting

ADMISSION CARD Name of Shareholder
Address of Shareholder
Please admit the shareholder named on this card or his duly appointed
proxy to the Eighth Annual General Meeting of the Company to be held
on Monday, 4th April, 2022 at Transcorp Hilton Abuja, 1 Aguiyi-Ironsi Street,
Maitama, Abuja F.C.T.

This admission card must be produced by the shareholder in order to gain

entrance into the Annual General Meeting. Number of Shares held

Signature

150 TRANSCORP HOTELS PLC // 2021 ANNUAL REPORT

26.

27.

28.

29. LIVINGTRUST MORTGAGE BANK PLC

30.

31.

32.

33.

34.

35.

36.

37.

38.

39.

40.

41.

42.

I/We hereby declare that the information I have provided is true and correct and that I shall be held personally 43.
liable for any of my personal details. 44.
45.

I/We also agree and consent that Africa Prudential Plc ("Afriprud") may collect, use, disclose, process and deal 46.
in any manner whatsoever with my/our personal, biometric and shareholding information set out in this form 47.
48.
and/or otherwise provided by me/us or possessed by Afriprud for administration of my/our shareholding and 49.
matters related thereto.
50.

51.
52.

53.
54. VFD GROUP PLC
55. WEST AFRICAN GLASS IND PLC

SCAN

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TRANSCORP HOTELS PLC // 2021 ANNUAL REPORT 151

PORTAL

1. 2. 26.
8. *DATE OF BIRTH 27.
28.
I/We hereby declare that the information I have provided is true and correct and that I shall be held 29. LIVINGTRUST MORTGAGE BANK PLC
personally liable for any of my personal details. 30.
I/We also agree and consent that Africa Prudential Plc ("Afriprud") may collect, use, disclose, process 31.
and deal in any manner whatsoever with my/our personal, biometric and shareholding information set 32.
out in this form and/or otherwise provided by me/us or possessed by Afriprud for administration of 33.
my/our shareholding and matters related thereto. 34.
35.
36.
37.
38.
39.
40.
41.
42.
43.
44.
45.
46.
47.
48.
49.
50.
51.
52.

53.
54. VFD GROUP PLC
55. WEST AFRICAN GLASS IND PLC

SCAN

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152 TRANSCORP HOTELS PLC // 2021 ANNUAL REPORT

Date Of Birth

I/We hereby declare that the information I have provided is true and correct and that I shall be held 26.
personally liable for any of my personal details. 27.
I/We also agree and consent that Africa Prudential Plc ("Afriprud") may collect, use, disclose, process 28.
and deal in any manner whatsoever with my/our personal, biometric and shareholding information set 29. LIVINGTRUST MORTGAGE BANK PLC
out in this form and/or otherwise provided by me/us or possessed by Afriprud for administration of 30.
my/our shareholding and matters related thereto. 31.
32.
Note: This service costs N150.00 per form exclusive of VAT. 33.
34.
35.
36.
37.
38.
39.
40.
41.
42.
43.
44.
45.
46.
47.
48.
49.
50.
51.
52.
53.
54. VFD GROUP PLC
55. WEST AFRICAN GLASS IND PLC

SCAN

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TRANSCORP HOTELS PLC // 2021 ANNUAL REPORT 153

GENDER: DATE OF BIRTH:

On behalf of Plc/Ltd, we hereby agree jointly and severally keep the company and/or the Registrar or other persons acting on

their behalf fully indemnified aganist all action, proceedings, liabilities, claims, losses, damage, costs and expenses in relation to or arising out of your accepting to re-issue to the rightful owner the

shares/stocks, and to pay you on demand, all payments, losses, costs and expenses suffered or incurred by you in consequence thereof or arising therefrom. We/I also agree and consent that

Africa Prudential Plc ("Afriprud") may collect, use, disclose, process and deal in any manner whatsoever with my/our personal, biometric and shareholding information set out in this form and/or

otherwise provided by me/us or possessed by Afriprud for administration of my/our shareholding and matters related thereto.

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158 TRANSCORP HOTELS PLC // 2021 ANNUAL REPORT