SEC approves MTN offer for sale of 575 million shares

MTN Nigeria Communications Plc has obtained the approval of the Securities and Exchange Commission for the offer for sale of up to 575 million ordinary shares in MTN Nigeria held by the MTN Group

This is contained in a notice signed by the MTNN Company Secretary, Uto Ukpanah, posted on the website of the Nigerian Exchange Ltd. on Tuesday in Lagos.

As previously communicated, the offer will be by way of bookbuild to institutional investors (institutional offer), and subsequently, a fixed price to retail investors (retail offer).

“The institutional offer opens today at 12.00 noon, Nov. 23, and closes at 2:00 p.m., on Nov. 26, 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 the regard once clearance is obtained from SEC,” it said.
(NAN)

Comments

Popular posts from this blog

Helicobacter pylori

The 50 men accused in mass rape of Gisèle Pelicot

NAPS School Fees Support Fund (NSFSF)

“Detected in Germany” – What you should know about new COVID-19 variant XEC spreading across world

Dozens of civilians killed in two days of intense fighting in Sudan

𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐭𝐨 𝐆𝐫𝐚𝐦-𝐏𝐨𝐬𝐢𝐭𝐢𝐯𝐞 𝐚𝐧𝐝 𝐆𝐫𝐚𝐦-𝐍𝐞𝐠𝐚𝐭𝐢𝐯𝐞 𝐁𝐚𝐜𝐭𝐞𝐫𝐢𝐚

15 facts about the late Ogun NACHPN Scribe, Late Adekunle Adeniji