MTN Nigeria launches public offer to retail investors

MTN Nigeria Communications Plc has announced that the public offer to retail investors for the sale of up to 575 million shares held in MTN Nigeria held in MTN Group will be priced at N169 per share.

The offer will open at 8:00 am on 1 December 2021 and close at 5:00 pm 14 December 2021. The minimum subscription is for 20 shares and lots of 20 shares thereafter. The offer includes an incentive in the form of 1 free share for every 20 shares purchased, subject to a maximum of 250 free shares per investor.

The incentive is open to retail investor who buy and hold the shares allotted to them at least 12 months, post the allotment date.

The incentive is open to retail investor who buy and hold the shares allotted to them at least 12 months, post the allotment date.

The Retail Offer is the first in Nigeria to be delivered via a digital platform. By using the power of technology, it aims to facilitate the maximum possible participation by Nigerian investors.

Investors will be able to submit applications through the Issuing Houses, Receiving Agents (authorized Stockbrokers and Nigerian Banks) and online via a unique digital application platform, PrimaryOffer, administered by the Nigerian Exchange Limited.

source: https://stocksng.com/mtn-nigeria-launches-public-offer-to-retail-investors/

All Comments:

  1. admin

    10/04/2018

    Lorem ipsum dolor sit amet, consectetur adipiscing elit. Cras lacinia magna vel molestie faucibus. Donec auctor et urnaLorem ipsum dolor sit amet, consectetur adipiscing elit. Cras lacinia magna vel molestie faucibus.

  2. admin

    10/04/2018

    Lorem ipsum dolor sit amet, consectetur adipiscing elit. Cras lacinia magna vel molestie faucibus. Donec auctor et urnaLorem ipsum dolor sit amet, consectetur adipiscing elit. Cras lacinia magna vel molestie faucibus.

Your Comment:

Related Posts

07

Dec
Finance Services

First Bank declares N40.79bn profit in Q3 2021

First Bank of Nigeria Holdings on Monday published its audited third quarter for the period ended 30 September 2021. Gross Earnings of N427.397 billion was achieved for the nine months period, down by 2.85% from N439.923 billion recorded the previous year. Profit after tax of N40.791 billion was reported for the nine months period, down by 40.15%[…]