MTN’s offer to retail investors opens

MTNN offer to retail investors opened at 8:30 am Wednesday and will close at 5 pm on 14th December 2021. The Offer is priced at N169.00 per share.

According to experts at Codros Capita Securities Ltd, the offer includes an incentive of one free share for every 20 shares purchased and is capped at 250 free shares per investor.
This incentive is open to retail investors who buy and hold the shares for at least 12 months, post allotment.

As the statement explained the offer to retail investors (Retail Offer) represents 90% of the total offer size. MTN Nigeria Communications Plc was listed on the Premium Board of the Nigerian Stock Exchange by introduction on May 16, 2019.

Following the successful listing, MTN Nigeria became the first Mobile Network Operator to be listed on the Nigerian Stock Exchange. This provides investors the opportunity to participate in and benefit from our growth prospects.

MTN Group Limited, formerly M-Cell, is a South African multinational mobile telecommunications company, operating in many African and Asian countries. Its head office is in Johannesburg.As of December 2020, MTN recorded 280 million subscribers, making it the 8th largest mobile network operator in the world, and the largest in Africa.

Active in over 20 countries, one-third of the company’s revenue comes from Nigeria, where it holds about 35% market share. MTN Group is the primary sponsor of the South Africa national rugby union team and sponsors English football club Manchester United F.C. and Zambian super league.