Saturday, December 4, 2021

    MTN Nigeria launches equity book build for qualified investors

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    Naija247news Editorial Team
    Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

    MTN Nigeria Communications Plc (MTNN) have obtained the approval of the Securities and Exchange Commission (SEC) for the offer for the sale of up to 575 million ordinary shares in MTNN held by the MTN Group.

    The telecommunications company had previously announced their intention, stating that the offer will be by way of a bookbuild to institutional investors and subsequently, a fixed price to retail investors.

    The book-building offer opened today, November 23, 2021, at noon and is expected to close by 2.00 pm on Friday, November 2021, after which a retail price will be determined for retail investors to come on board.

    To place bids or for further enquiries contact:

    Okwudili Egwu 08033333531
    Chinedu Eze 08037807161
    Joseph Oladimeji 07012915079

    As always we will keep you informed of new developments, click here to view the announcement.

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