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 email@example.com
Chinedu Eze 08037807161 firstname.lastname@example.org
Joseph Oladimeji 07012915079 Joladimeji@cowryasset.com
As always we will keep you informed of new developments, click here to view the announcement.
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