Transatlantic Mortgages Ltd Private Placement

[Olajumoke Ojurongbe]

Transatlantic Mortgages Ltd offers by way of Private Placement 2,817,500,000 ordinary shares at N1.50 per share.

The core business of the Company is Mortgage Banking, Property development/ Management, Project Management, Fund Mangement and Mortgage Loans processing under the National Housing Fund (NHF) Scheme.

Transatlantic Mortgages Ltd is involved in acquiring land in prime and commercial locations (Lagos, Abuja,PortHarcourt and Yenagoa), developing gated estates in these locations for sale to members of the public,managing and maintaining the estates to preserve the asset value over the tenor of the mortgages created.

The Company posted half year Profit after tax of N83.2 million compared to a loss of N 39.7 milion in 2007 (year end being December 31).

Offer opened on October 6, 2008 and is scheduled to close on November 14, 2008.

For further enquiries please contact ojurongbe.olajumoke@deapcapital.com

[threecrown]

Originally Posted by Olajumoke Ojurongbe

Transatlantic Mortgages Ltd offers by way of Private Placement 2,817,500,000 ordinary shares at N1.50 per share.

The core business of the Company is Mortgage Banking, Property development/ Management, Project Management, Fund Mangement and Mortgage Loans processing under the National Housing Fund (NHF) Scheme.

Transatlantic Mortgages Ltd is involved in acquiring land in prime and commercial locations (Lagos, Abuja,PortHarcourt and Yenagoa), developing gated estates in these locations for sale to members of the public,managing and maintaining the estates to preserve the asset value over the tenor of the mortgages created.

The Company posted half year Profit after tax of N83.2 million compared to a loss of N 39.7 milion in 2007 (year end being December 31).

Offer opened on October 6, 2008 and is scheduled to close on November 14, 2008.

For further enquiries please contact ojurongbe.olajumoke@deapcapital.com

Welcome to SMN Jummy.
Can you please upload the prospectus if you do have it for all to read.