The Nigerian Exchange has admitted additional 641 million ordinary shares of MTN Nigerian Plc into its platform arising from the company’s scrip dividend scheme.
In a notice to Trading licence holders, the NGX Exchange Limited stated thus:
“Trading License Holders are hereby notified that additional 641,047,053 ordinary shares of 2 kobo each of MTN Nigeria Communication Plc were on Wednesday, 16 August 2023, listed on the Daily Official List of the Nigerian Exchange Limited (NGX).
“The additional shares listed on NGX arose from MTN’s Scrip Dividend Election Scheme. With this listing of the additional 641,047,053 ordinary shares, the total issued and fully paid-up shares of MTN has now increased from 20,354,513,050 to 20,995,560,103 ordinary shares of 2 kobo each”.