MTN Group seeks to offer for sale shares of MTN Nigeria to the public

    Also available: Français (FR)

    MTN Group Limited (JSE:MTN) has announced plans to offer for sale, the shares of its Nigerian subsidiary, MTN Nigeria Communications Plc (NGX:MTNN).

     

    The Group has disclosed its intention to proceed with a public offer for sale of 575 million shares in MTN Nigeria.

    This was made known in a notice signed by the company’s secretary, Uto Ukpanah and filed with The Exchange.

     

    The notice further stated that the offer would be by way of a bookbuild to institutional investors and a fixed price to retail investors.

     

    According to the statement, the offer is expected to open in November 2021 with a bookbuild to institutional investors and after which a fixed price will be announced for retail investors before it closes in December 2021.

     

    It is worth noting that this is the first step towards the Group’s previously communicated statement notifying The Exchange and investing public of its intention to sell down 14% of its current shareholding in MTN Nigeria.

     

    related articles

    NGX

    loading...
    Cornerstone Insurance6.65+9.92%07/10
    Consolidated Hallmark Insurance4.37+9.52%07/10
    Chams4.62+9.22%07/10
    VFD Group11.90+9.17%07/10
    International Energy Insurance2.96+8.82%07/10
    Livingtrust Mortgage Bank5.94-10.00%07/10
    Austin Laz & Co.3.15-9.74%07/10
    Juli8.95-9.60%07/10
    Livestock Feeds7.40-7.50%07/10
    Tantalizers2.32-6.45%07/10
    Access Holdings26.0045,861,49107/10
    Ellah Lakes14.7039,488,35907/10
    Chams4.6230,820,53007/10
    Sovereign Trust Insurance3.0927,789,68607/10
    Aradel Holdings620.0022,576,20507/10

    🇳🇬 Nigerian Naira


    latest announcements

    FTGINSURE | Notice of board meeting New!
    UACN | FCCPC Approves Sale of CHI Limited to UAC of Nigeria PLC New!
    ELLAHLAKES | Announces Agreement to Acquire Agro-Allied Resources and Processing Nigeria Limited New!
    FTGINSURE | Board meeting notice New!
    PRESCO | Change of board composition New!
    NCR | Board meeting notice New!
    ETRANZACT | Notices of board meeting New!
    CUSTODYINS | Notices of board meeting New!
    ETI | Closed period notice New!
    AIRTELAFRI | Total voting rights and capital announcement New!

    african indices

    BRVM-CI328.98-0.20%07/10
    BSE DCI10,612.68-07/10
    DSE ASI2,485.20+0.03%06/10
    EGX 3037,094.80-0.31%06/10
    GSE-CI8,422.19+0.14%06/10
    JSE ASI109,448.90-0.43%07/10
    LuSE ASI25,366.74+0.36%06/10
    MASI19,084.25+1.40%06/10
    MSE ASI605,572.13+0.85%06/10
    NGX ASI144,995.26+0.12%07/10
    NSE ASI177.67-0.46%06/10
    NSX OI1,978.07-0.26%07/10
    RSE ASI179.26-06/10
    SEM ASI2,194.06+0.05%06/10
    TUNINDEX12,321.71-0.01%07/10
    USE ASI1,462.37-0.30%06/10
    ZSE ASI204.31-0.41%06/10
    loading...