MTN Nigeria to cancel 7.5bn uninssued shares

MTN Nigeria Communications Plc has notified he Nigerian Exchange and the investing public that its shareholders at the Extraordinary General Meeting have approved the cancellation of 7.5 billion unissued shares.

The shareholders of the telecom giant also approved the cancellation of over 402 million preference shares of $0.005 each.

Source: MTN Nigeria to cancel 7.5bn uninssued shares – StocksWatch (stocksng.com)

Related Posts

25

May
Business & Economy

Stock Market Review: May 25, 2023

The stock market on Wednesday closed on a positive note with 0.58% growth. The All Share Index and Market Capitalisation stands at 52,927.60 points and 28.819 trillion respectively. In a stock market review with Gilbert Ayoola, a capital market expert, the following were discussed: Excerpts: The monetary policy committee of CBN has increased MPR to 18.5%. How will this […]

25

May
Business & Economy

Oando kicks-off Sustainable Transport Initiative in Lagos State with launch of Electric-Mass Transit buses

Oando Clean Energy Limited (OCEL) has achieved a groundbreaking milestone with the launch of the first phase of its Sustainable Transport Initiative for Lagos State. The initiative will see OCEL introducing electric buses to LAMATA’s current fleet of buses. The endeavor aims to support the transformation of the State’s public transport system through the development and deployment[…]