Nigeria’s largest telecommunications company, MTN Nigeria Communications (MTN Nigeria) Plc will tomorrow open application list for its public offering of 575 million ordinary shares to the general retail investing public at a price of N169 per share.

The offer period ends on December 14, 2021.

Minimum subscription is 20 shares and thereafter in multiples of 20 shares.

The offer includes a bonus share of one share for every 20 shares bought by a retail investor subject to maximum bonus shares of 250 per investor. However, to qualify for the free share such retail investors must hold the shares allotted to the after the allotment date for at least a period of 12 months.

The public offer is an offer for sale by MTN Group, which is divesting part of its shares in MTN Nigeria to allow Nigerian institutional and retail investors to buy equities in the telecommunications giant.

The book building for institutional investors was done last week with a price range of N165 and N175.

Beside the inclusion of bonus share in the public offer, the MTN Nigeria’s public offer is also setting record as the first to be delivered through a digital platform, thus facilitating maximum participation by investors.

https://thenationonlineng.net/breaking-mtn-nigeria-launches-n97-2b-public-offer/

The public offer to retail investors for the sale of up to 575 million shares held in MTN Nigeria by MTN Group will be priced at N169.00 per share (the Offer). The Offer opens on Wednesday, 1 December 2021 and closes on Tuesday, 14 December 2021.

The Offer is in line with MTN Group’s commitment to reduce its shareholding in MTN Nigeria from 78.8% to 65% over time. The objective of the Offer is to provide as many Nigerian retail investors as possible with an opportunity to own shares in MTN Nigeria.

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 free shares per investor.

The incentive is open to retail investors who buy and hold the shares allotted to them for at least 12 months, post the allotment date.

How to participate in the Offer:
Interested investors should ensure that they complete and submit applications through any of the following channels.

PrimaryOffer: To apply for shares through PrimaryOffer, investors need to:

Visit the PrimaryOffer website at www.primaryofferng.com
Download the PrimaryOffer app. Available for free from the App Store for IOS and Google Play Store.

Receiving Agents: To apply for shares through the Receiving Agents, investors need to:

Complete an application form.
Submit the completed application form and evidence of payment to a Receiving Agent.
You can also call the Customer Support Centre – 070046837862452 or 080MTNOFFER (0806 866 3337) for enquiries.

NOTE: A Bank Verification Number (BVN) is required to register on PrimaryOffer, and investors will need to have a CSCS account number to complete the transaction. If you do not have a CSCS account, your stockbroker can assist in setting one up for you before completing your application. A CSCS account can also be created for you as part of the application process on PrimaryOffer

http://www.mtnonline.com/PO/

I fit buy 50k shares

longetivity:
I fit buy 50k shares

Buy nah

longetivity:
I fit buy 50k shares

Of course

Lorddominic:


Of course

seriously