MTN Nigeria Offer is now open

The MTN Nigeria Communications Plc (“MTN Nigeria”) Offer for Sale of up to 575 million Ordinary Shares of MTN Nigeria (the “Offer”) is now open to retail investors. The Offer, which is priced at ₦169 per share, opens  today, 01 December 2021 and is scheduled to close Stanbic IBTC Capital and Stanbic IBTC Bank are acting as Joint Issuing House and Receiving Bank respectively, to the Offer.

The Offer supports the MTN Group Limited’s stated intention of introducing a wider base of Nigerian shareholders into the ownership of MTN Nigeria, while also achieving an increase in MTN Nigeria’s free float on the Nigerian Exchange Limited (the “NGX”). The Offer also aims to support the creation of a liquid market in the Ordinary Shares for existing and future shareholders of MTN Nigeria.

Additional information on the Offer is provided in the Pricing Supplement which can be downloaded along with the Shelf Prospectus here. Interested investors can apply for the Offer Shares through the digital application platform, PrimaryOffer of the NGX which may be downloaded from the Google Play or Apple Store, or download and submit a completed application form at any Stanbic IBTC Bank branch nationwide  here

 For further enquiries, please contact   [email protected]