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Scancom Plc (MTN Ghana) announces the successful completion of its Initial Public Offer (IPO).


By raising GHS 1,146,589,464.75 from 128,152 applicants the Offer makes history as the largest primary share offer in the history of the Ghana Stock Exchange.


The Offer period ran from 29 May 2018 to 31 July 2018 with investor demand exceeding the minimum (GHS 347,804,590) required to be raised for the Offer to be declared successful.

The Offer consisted of:

  1. a public offer of up to 4,637,394,533 ordinary shares of MTN Ghana valued at GHS 3,478,045,900 at an Offer Price of GHS 0.75 per share (the "Offer Shares"), representing up to 35% of the issued shares of MTN Ghana after the offer, to Qualifying Applicants (as defined in the Prospectus); and
  2. a listing of all the Offer Shares and the already issued 10,760,000,000 ordinary shares of MTN Ghana (the "Existing Shares") (the Offer Shares and the Existing Shares, together, the "MTN Ghana Shares") on the GSE.


The Offer raised GHS 1,146,589,464.75, representing 32.97% of the total offer amount.


Offer statistics by investor type:


Breakdown of Ghanaian investors to foreign investors:


All successful applicants will be allotted all the shares they applied for. Applicants with Central Securities Depository ("CSD") accounts will have their CSD accounts credited with their allotment by today 04 September, 2018 by 5:00pm.


The first day of trading of the MTN Ghana shares is expected to be 05 September 2018.