MTN LAUNCHES AN EQUITY BOOKBUILD TO QUALIFIED INVESTORS AHEAD OF ITS RETAIL OFFER

Kindly Share This Story:

The management of MTN Nigeria Communications Plc (MTN Nigeria) here by announced that the Securities and Exchange Commission (SEC) has approved an offer for sale of up to 575 million ordinary shares in MTN Nigeria held by MTN International (Mauritius) Limited, by way of a bookbuild to qualified investors (Institutional Offer) and a fixed price to retail investors (Retail Offer).

According to Uto Ukpanah, the Company Secretary saying The Institutional Offer opens at 12.00 noon on 23 November 2021 and closes at 2.00pm on 26 November 2021, after which a fixed price will be determined for the Retail Offer.

The Retail Offer is proposed to open after the Institutional Offer, and an announcement will be published in this regard once clearance is obtained from the SEC.


Kindly Share This Story:

Related Post

Leave a Reply

Your email address will not be published. Required fields are marked *

amehnews greetings

x
%d bloggers like this: