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the total volume exceeds the number of shares that have been offered, then the Offer is deemed to have been over-subscribed.Ī. Demand for the Offer is the total volume of shares applied and paid for by investors at the close of the Offer. However, the number of shares available may be increased by up to 15% in response to significant demand, i.e. Up to 575,000,000 shares are on offer in this round. How many shares are being offered in this round?Ī. Yes, the existing shares are already listed and traded on the Nigerian Exchange Limited (NGX). Are MTN Nigeria shares listed on any exchange?Ī. This is an invitation to the investing public to purchase existing shares in a company from its shareholders.
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Full details on the support available can be found at Q. Interested investors can also engage the customer support channels, who can answer questions about the process. MTN MoMo agents have also been trained to assist customers and provide guidance on using PrimaryOffer to submit an application. The Receiving Agents – Issuing Houses, Stockbrokers and Banks listed on page 37 of the Pricing Supplement are authorised to assist in completing and receiving your applications for the MTN Offer. Is there anyone that can help me with my application?Ī. MTN is offering a promo in the form of 1 free share for every 20 shares purchased and held for 12 months from when the shares are allotted to subscribers. The primary objective of the Offer is to deepen and broaden local ownership in MTN Nigeria, so the Offer is structured to encourage the participation of as many Nigerians as possible and offers incentive shares to investors who participate in the Offer.Ī. Is there an incentive for investors to participate?Ī. The shares are being offered to retail investors at a price of N169.00 per share.
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Interested investors can find full details of how to submit an application at and should ensure that applications are completed and submitted through authorised Receiving Agents or the PrimaryOffer app by the NGX (see How to Apply).Ī. Applications for the MTN Offer opens from 8:00 am on Wednesday, 1 December 2021 to 5:00 pm on Tuesday, 14 December 2021. The shares are being sold through an offer for sale to the public.
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The Offer is designed to maximise participation from local Nigerian retail investors, providing as many people as possible with the opportunity to own shares in MTN Nigeria.Ī. MTN Group is selling up to 575,000,000 shares in MTN Nigeria in the first phase of a series of offers that will reduce its shareholding in MTN Nigeria from 78.83% to 65% over time.