MTN Nigeria launches N97.2b public offer
By TAOFIK SALAKO
Nigeria’s largest telecommunications company, MTN Nigeria Communications (MTN Nigeria) Plc will tomorrow open application list for its public offering of 575 million ordinary shares to the general retail investing public at a price of N169 per share.
The offer period ends on December 14, 2021.
Minimum subscription is 20 shares and thereafter in multiples of 20 shares.
The offer includes a bonus share of one share for every 20 shares bought by a retail investor subject to maximum bonus shares of 250 per investor. However, to qualify for the free share such retail investors must hold the shares allotted to the after the allotment date for at least a period of 12 months.
The public offer is an offer for sale by MTN Group, which is divesting part of its shares in MTN Nigeria to allow Nigerian institutional and retail investors to buy equities in the telecommunications giant.
The book building for institutional investors was done last week with a price range of N165 and N175.
Beside the inclusion of bonus share in the public offer, the MTN Nigeria’s public offer is also setting record as the first to be delivered through a digital platform, thus facilitating maximum participation by investors. (The Nation)
266178 419855This internet web site is my aspiration, quite outstanding style and Perfect articles. 726682
If you would like to take a great deal from this article then you have to apply
these strategies to your won web site.
722656 9910You already know, many persons are looking around for this info, you can aid them greatly. 234954
Hello, Neat post. There’s a problem with your web site in internet explorer, could check this?
IE still is the marketplace leader and a huge portion of other people will
leave out your wonderful writing because of this
problem.
We absolutely love your blog and find most of your post’s to
be just what I’m looking for. Does one offer guest
writers to write content for yourself? I wouldn’t mind composing a post or elaborating on a lot of the subjects you write with regards to here.
Again, awesome blog!
There is certainly a great deal to know about this issue.
I really like all the points you’ve made.