The listing of MTN Nigeria shares on the Premium Board of the Nigerian Stock Exchange has on Tuesday been approved.
The listing which is a total of 20,354,513,050 shares will go for N90 per share on May 16 and it is will be done by way of an introductory listing, meaning that the shares of existing MTN Nigeria shareholders will be listed without an additional public sale of share.
Commenting on the announcement,the CEO of MTN Nigeria, Ferdi Moolman said “it gives me great pleasure to confirm that the official listing via the introduction of MTN’s shares on the NSE will take place on Thursday May 16, 2019.”
Ferdi thanks the government, regulators and people of Nigeria for their endless support towards this achievement by the company
MTN Nigeria shares, when listed at N90 per share, would emerge the second largest company on the nation’s bourse after Dangote Cement, with a market capitalizationon
The Securities and Exchange Commission recently confirmed the approval of MTN Nigeria’s application to be listed on the NSE by way of introduction.