MTN Group Chairman Mcebisi Jonas and MTN Group President and
CEO Ralph Mupita attended the roadshow, which is being held on the sidelines of
the state visit to the Federal Republic of Nigeria by South African President
Cyril Ramaphosa. Both countries are also participating in the 10th Bi-National
Commission.
Jonas said the offer to retail investors to buy shares in
MTN Nigeria was a milestone: “We are delighted to be here to mark this
momentous event and would like to express our thanks to the regulator and MTN
Nigeria’s broader stakeholder base for their support over the years. MTN is a
pan-African company which works to deepen inclusion and create shared value.”
Mupita said the MTN Group had made a clear strategic
decision to build shared value across operations: “The best way we can do that
is by enabling broad ownership in our operating companies. This offer is the
first phase of that process in Nigeria, as we progressively reduce our
shareholding from 78% to 65% over time. I am incredibly proud to be able to be
here today, engaging directly with the Nigerian shareholders we hope will join
us on the next phase of our journey.”
MTN Nigeria Chairman Ernest Ndukwe said the company’s
success over the past 20 years would not have been possible without a supportive
operating environment. “This MTN story is also a demonstration of the
opportunity that Nigeria represents for investors,” he said.
MTN Nigeria CEO Karl Toriola said the offer had been
structured to be available to as many Nigerian investors as possible: “Today’s
roadshow in Abuja is the first in a schedule that takes us to every state of
the Federation over the next two weeks. It is really important for us to
provide Nigerians across the country with the opportunity to engage with us as
we build a shareholder base that is nationally representative.”
The offer opened at 8:00am on 1 December 2021 and will close
at 5:00pm on 14 December 2021. The minimum subscription is for 20 shares and
lots of 20 shares thereafter. The offer includes an incentive in the form of 1
free share for every 20 shares purchased, subject to a maximum of 250 shares
per investor. The incentive is open to retail investors who buy and hold the
shares allotted to them for at least 12 months after the allotment date.
Investors are able to submit applications through the
issuing houses, receiving agents (authorised stockbrokers and Nigerian banks)
and online via a unique digital application platform, PrimaryOffer,
administered by the Nigerian Exchange Limited.
Further details and a full directory of authorised receiving
agents are at www.mtnonline.com/PO.
0 comments:
Post a Comment