Telecommunications giant, MTN Nigeria, Tuesday announced that its N97 billion public offer to retail investors for the sale of 575 million shares held in the local company by the MTN Group will open Wednesday. The company stated that the offer, which will be priced at N169 per share, would close on December 14.
MTN Nigeria Chief Executive, Karl Toriola, said at a media briefing on the offer in Abuja that the company believed the “success and growth of MTN Nigeria are intrinsically linked to that of Nigeria and Nigerians.
Therefore, we are very excited to offer Nigerians the opportunity to own shares in MTN Nigeria.”
He said the minimum subscription would be for 20 shares and lots of shares thereafter, adding that offer includes incentive in the form of one free share for every 20 shares purchased, subject to a maximum of 250 shares per investor.
Toriola said the offer was open to retail investors, who bought and held shares allotted to them for at least 12 months post allotment date.
The retail offer is the first in the country to be delivered end-to-end via a digital platform by utilising the power of technology to facilitate the largest participation possible by Nigerian investors.
Toriola, further explained that the offer represented the second stage in a phased programme of inviting Nigerians to participate in the value creation that MTN Nigeria offered. He said the company had In May 2019, listed by introduction, leading to the current offer opening.

He said the purpose of the offer was to “really diversify our shareholding, specifically with the focus on retail investors, to bring them into our shareholding base so they can share in the creation of value that we see in the next 20 to 40 years coming of MTN Nigeria in this great country.”
He told THISDAY that the primary objective was not to raise money adding, “We have a very strong balance sheet. We genuinely want the broad base of retail shareholders in our investor base. And there are lots of shares on offer. I believe everyone should participate and I believe that majority of people would be able to get some shares in the offer.”
The MTN Nigeria CEO said, “Our journey to becoming the largest network in Nigeria has been humbling but we still have a long way to go. There is much more to do to support the evolution of an inclusive digital economy and we continue to invest as we evolve into a truly digital operator, capable of seamlessly interrogating value across the evolving telecommunications, digital and fintech segments.”
Investors would be able to submit applications through the issuing houses, receiving agents, including authorised stock brokers and Nigerian banks, and online via unique digital application platform primary offer administered by the Nigerian Exchange Limited (NGX).
Commenting on the offer also, MTN Group President/Chief Executive, Ralph Mupita said, “The offer with MTN Group’s strategic priority is to create shared value.”
Mupita added, “In the last 20 years, we have worked diligently to connect 68 million subscribers onto voice and data networks and ensure that we deliver the benefits of a modern connected life.
“With this offer, we will contribute to further deepening of Nigeria’s equity capital markets. It is the first in a series of transactions as the MTN Group implements its plan to ensure broad based ownership by reducing its shareholding in MTN Nigeria to 65 per cent over time.
“We thank the Nigerian authorities for the support we, as MTN Group, have received in the various approvals related to this offer and remain committed to play our humble role in digital and financial inclusion across the country over the medium term.”
In an interview with journalists, Chief Financial Officer, MTN Nigeria, Mr. Modupe Kadri, said the offer was an opportunity for Nigerians to own shares in the company, saying MTN Group has determined to sell about 14 per cent of its share in MTN Nigeria to Nigerians.
Kadri said MTN Nigeria had a track record of declaring 80 per cent of its profit as dividends over the years and urged Nigerians to take advantage of the investment opportunity as well as opportunity for capital appreciation.
He explained that 10 per cent of the offer will go to institutional investors and 90 per cent will be allotted to retail investors starting today. He also said in the event that the 575 million shares were oversubscribed, MTN Group was prepared to put an additional 15 per cent of the offer, which would bring the total offer to about 661 million shares offered for the exercise.
Chief Executive, NGX, Mr. Temi Popoola, in an interview with THISDAY, expressed optimism that the MTN offer transaction would change capital market investing in Nigeria by addressing investor confidence and financial literacy.
He also said he was confident that though the number of active investors still remained low currently, “but we hope this single transaction will change this.” He added that the offer transaction remained the first with end to end digital in the country.
This is a topic that’s close to my heart… Many thanks! Where are your contact details though?
Wow that was strange. I just wrote an very long comment but after I clicked submit my comment didn’t show up. Grrrr… well I’m not writing all that over again. Anyway, just wanted to say great blog!
I feel this is one of the so much important information for me. And i’m glad reading your article. However wanna remark on few common things, The site taste is great, the articles is actually nice : D. Good task, cheers
Incredible points. Great arguments. Keep up the good work.
Hi are using WordPress for your blog platform? I’m new to the blog world but I’m trying to get started and create my own. Do you need any coding knowledge to make your own blog? Any help would be greatly appreciated!
Helpful info. Fortunate me I found your web site by accident, and I am stunned why this twist of fate did not came about in advance! I bookmarked it.
Great blog you’ve got here.. It’s hard to find high-quality writing like yours these days. I seriously appreciate people like you! Take care!!
Hello there! This is kind of off topic but I need some advice from an established blog. Is it tough to set up your own blog? I’m not very techincal but I can figure things out pretty fast. I’m thinking about setting up my own but I’m not sure where to start. Do you have any points or suggestions? With thanks
Please let me know if you’re looking for a article writer for your weblog. You have some really great posts and I think I would be a good asset. If you ever want to take some of the load off, I’d really like to write some articles for your blog in exchange for a link back to mine. Please send me an e-mail if interested. Kudos!
Hi I am so happy I found your blog page, I really found you by error, while I was searching on Google for something else, Nonetheless I am here now and would just like to say cheers for a remarkable post and a all round thrilling blog (I also love the theme/design), I don’t have time to read through it all at the minute but I have saved it and also included your RSS feeds, so when I have time I will be back to read a lot more, Please do keep up the fantastic job.
I like it when individuals come together and share thoughts. Great blog, continue the good work!
I’ve been exploring for a little bit for any high-quality articles or blog posts in this kind of area . Exploring in Yahoo I at last stumbled upon this site. Reading this info So i’m satisfied to exhibit that I have a very just right uncanny feeling I came upon exactly what I needed. I so much surely will make certain to don?t fail to remember this web site and give it a look on a continuing basis.
Greetings! This is my first visit to your blog! We are a collection of volunteers and starting a new initiative in a community in the same niche. Your blog provided us valuable information to work on. You have done a outstanding job!
What’s up, all is going sound here and ofcourse every one is sharing data, that’s actually fine, keep up writing.
Роскошный частный эротический массаж в Москве с бассейном
Hi! Someone in my Myspace group shared this site with us so I came to give it a look. I’m definitely enjoying the information. I’m book-marking and will be tweeting this to my followers! Fantastic blog and brilliant design and style.
Thank you for the auspicious writeup. It in fact was a amusement account it. Look advanced to far added agreeable from you! By the way, how can we communicate?
What’s up to all, how is everything, I think every one is getting more from this site, and your views are good for new viewers.
Spot on with this write-up, I truly think this site needs far more attention. I’ll probably be back again to read through more, thanks for the information!
Actually no matter if someone doesn’t understand then its up to other users that they will help, so here it occurs.
Very good website you have here but I was curious about if you knew of any message boards that cover the same topics talked about in this article? I’d really love to be a part of online community where I can get feed-back from other knowledgeable individuals that share the same interest. If you have any recommendations, please let me know. Cheers!
Excellent blog you’ve got here.. It’s hard to find high-quality writing like yours these days. I truly appreciate people like you! Take care!!
Right now it sounds like Movable Type is the best blogging platform out there right now. (from what I’ve read) Is that what you’re using on your blog?
Someone necessarily help to make critically articles I might state. This is the first time I frequented your web page and so far? I amazed with the research you made to create this actual publish incredible. Fantastic task!
I’m not sure where you are getting your info, but good topic. I needs to spend some time learning more or understanding more. Thanks for magnificent information I was looking for this information for my mission.
This piece of writing will help the internet viewers for building up new website or even a blog from start to end.
Pretty portion of content. I simply stumbled upon your web site and in accession capital to say that I acquire in fact enjoyed account your blog posts. Any way I’ll be subscribing on your augment or even I achievement you access persistently fast.
You really make it seem so easy with your presentation but I find this topic to be really something which I think I would never understand. It seems too complicated and very broad for me. I am looking forward for your next post, I will try to get the hang of it!
Do you mind if I quote a couple of your posts as long as I provide credit and sources back to your site? My website is in the very same area of interest as yours and my visitors would truly benefit from a lot of the information you present here. Please let me know if this alright with you. Thanks a lot!
If some one desires expert view concerning blogging then i advise him/her to visit this weblog, Keep up the pleasant job.
Simply wish to say your article is as surprising. The clearness in your post is simply nice and i can assume you are an expert on this subject. Well with your permission allow me to grab your RSS feed to keep up to date with forthcoming post. Thanks a million and please continue the gratifying work.
Very nice article. I certainly love this website. Keep it up!
Now I am going to do my breakfast, when having my breakfast coming again to read additional news.
What’s up, all is going sound here and ofcourse every one is sharing data, that’s in fact good, keep up writing.
I will right away take hold of your rss as I can not find your email subscription link or newsletter service. Do you have any? Please allow me realize so that I may subscribe. Thanks.
I am curious to find out what blog system you happen to be utilizing? I’m experiencing some minor security problems with my latest website and I would like to find something more safe. Do you have any solutions?
Hello there, simply became aware of your blog thru Google, and found that it is really informative. I’m gonna watch out for brussels. I will appreciate when you continue this in future. A lot of other people shall be benefited from your writing. Cheers!
This website was… how do I say it? Relevant!! Finally I have found something that helped me. Thanks!
I am actually thankful to the owner of this web site who has shared this great article at here.
I am extremely inspired together with your writing skills and alsowell as with the format in your blog. Is this a paid subject matter or did you customize it yourself? Either way stay up the nice quality writing, it’s rare to see a nice blog like this one nowadays..
Thank you for the auspicious writeup. It in fact was a amusement account it. Look advanced to far added agreeable from you! By the way, how can we communicate?
Wow, this piece of writing is good, my sister is analyzing such things, thus I am going to tell her.
This text is priceless. Where can I find out more?
Today, I went to the beach with my kids. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She put the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is entirely off topic but I had to tell someone!
I used to be recommended this website by way of my cousin. I am now not sure whether this post is written by way of him as no one else recognise such precise approximately my problem. You are amazing! Thank you!
Thank you, I have recently been searching for information approximately this topic for ages and yours is the best I have came upon so far. However, what concerning the conclusion? Are you sure concerning the source?
Write more, thats all I have to say. Literally, it seems as though you relied on the video to make your point. You clearly know what youre talking about, why waste your intelligence on just posting videos to your blog when you could be giving us something enlightening to read?
My brother suggested I might like this blog. He was totally right. This post actually made my day. You cann’t imagine just how much time I had spent for this information! Thanks!
If you wish for to take a great deal from this post then you have to apply such techniques to your won weblog.
I’ve been exploring for a little bit for any high-quality articles or blog posts in this kind of area . Exploring in Yahoo I finally stumbled upon this web site. Reading this info So i’m satisfied to show that I have a very good uncanny feeling I found out exactly what I needed. I such a lot surely will make certain to don?t disregard this web site and give it a look on a continuing basis.
I know this web site provides quality based articles or reviews and additional stuff, is there any other web site which offers such stuff in quality?
Онлайн казино отличный способ провести время, главное помните, что это развлечение, а не способ заработка.
You’re so awesome! I don’t suppose I’ve read anything like this before. So great to find someone with a few original thoughts on this subject. Really.. thanks for starting this up. This site is something that’s needed on the web, someone with some originality!
Hi, I do believe this is an excellent blog. I stumbledupon it 😉 I am going to come back once again since I bookmarked it. Money and freedom is the best way to change, may you be rich and continue to help other people.
With havin so much written content do you ever run into any problems of plagorism or copyright violation? My website has a lot of exclusive content I’ve either created myself or outsourced but it appears a lot of it is popping it up all over the web without my agreement. Do you know any solutions to help stop content from being ripped off? I’d certainly appreciate it.
obviously like your website however you need to test the spelling on quite a few of your posts. A number of them are rife with spelling problems and I find it very bothersome to tell the truth then again I will surely come back again.
Hey there, I think your website might be having browser compatibility issues. When I look at your blog in Ie, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, terrific blog!
I am really loving the theme/design of your web site. Do you ever run into any internet browser compatibility problems? A number of my blog audience have complained about my blog not operating correctly in Explorer but looks great in Opera. Do you have any suggestions to help fix this issue?
Wow that was strange. I just wrote an really long comment but after I clicked submit my comment didn’t show up. Grrrr… well I’m not writing all that over again. Anyway, just wanted to say fantastic blog!
Ищете надежного подрядчика для устройства стяжки пола в Москве? Обращайтесь к нам на сайт styazhka-pola24.ru! Мы предлагаем услуги по залитию стяжки пола любой сложности и площади, а также гарантируем быстрое и качественное выполнение работ.
снабжение строительства
Обеспечьте своему жилищу идеальные стены с механизированной штукатуркой. Выберите надежное решение на mehanizirovannaya-shtukaturka-moscow.ru.
What’s up, its good article concerning media print, we all be familiar with media is a wonderful source of information.
For newest news you have to pay a visit world wide web and on web I found this site as a best web site for most recent updates.
Hi! I’m at work browsing your blog from my new iphone 4! Just wanted to say I love reading your blog and look forward to all your posts! Keep up the excellent work!
I don’t even know the way I stopped up here, however I assumed this submit used to be good. I don’t recognise who you’re however definitely you are going to a famous blogger in case you are not already. Cheers!
Good day! Do you know if they make any plugins to help with SEO? I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good gains. If you know of any please share. Thanks!
Совершите свой ремонт без лишних усилий. Штукатурка по маякам стен с mehanizirovannaya-shtukaturka-moscow.ru обеспечит вам идеально ровные стены.
I don’t know if it’s just me or if everyone else experiencing problems with your blog. It appears as if some of the text on your posts are running off the screen. Can someone else please comment and let me know if this is happening to them too? This could be a problem with my web browser because I’ve had this happen before. Cheers
Keep on working, great job!
Awesome website you have here but I was curious if you knew of any message boards that cover the same topics talked about in this article? I’d really love to be a part of online community where I can get advice from other knowledgeable individuals that share the same interest. If you have any recommendations, please let me know. Appreciate it!
Wow, this article is nice, my sister is analyzing these things, so I am going to tell her.
When someone writes an article he/she maintains the idea of a user in his/her mind that how a user can understand it. Thus that’s why this piece of writing is perfect. Thanks!
I don’t know if it’s just me or if everyone else experiencing problems with your website. It appears as if some of the text within your posts are running off the screen. Can someone else please comment and let me know if this is happening to them too? This might be a problem with my web browser because I’ve had this happen before. Appreciate it
Pretty component to content. I simply stumbled upon your website and in accession capital to say that I acquire in fact enjoyed account your blog posts. Any way I’ll be subscribing in your augment or even I achievement you get right of entry to consistently rapidly.
We are a group of volunteers and starting a new scheme in our community. Your web site provided us with valuable information to work on. You have done an impressive job and our whole community will be grateful to you.
Do you have a spam issue on this website; I also am a blogger, and I was wanting to know your situation; many of us have created some nice methods and we are looking to swap solutions with other folks, why not shoot me an e-mail if interested.