MTN Nigeria Tuesday announced that the Securities and Exchange Commission (SEC) has approved an offer for sale of up to 575 million ordinary shares in MTN Nigeria held by MTN International (Mauritius) Limited, by way of a bookbuild to qualified investors (Institutional Offer) and a fixed price to retail investors (Retail Offer).
The Company said in a statement signed by its Company Secretary, Uto Ukpanah, and made available to DigitalTimesNG that the Institutional Offer opens at 12.00 noon on 23 November 2021 and closes at 2.00 pm on 26 November 2021, after which a fixed price will be determined for the Retail Offer.
The Retail Offer is proposed to open after the Institutional Offer, and an announcement will be published in this regard once clearance is obtained from the SEC.
