If you dream of becoming a shareholder in MTN Nigeria, the time is now before the offer closes. MTN is undoubtedly the most popular mobile telecommunication in Nigeria, with millions of subscribers across the country. They recently notified most of their subscribers and encouraged them to become part of their world by becoming shareholders.
Below are the notification message sent by MTN Nigeria to their subscribers:
The public offer to retail investors to sell up to 575 million shares held in MTN Nigeria by MTN Group will be priced at N169.00 per share (the request). 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 after that. 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 following channels.PrimaryOffer
: To apply for shares through PrimaryOffer, investors need to:
Visit the PrimaryOffer website at 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.