SEC Nigeria Approves MTN 575m Units Offer for Sale, Opens November 23, 2021


Tuesday, November 23, 2021 / 1:00 PM / NGX/ Header Image Credit: MTN Nigeria


MTN Nigeria Communications Plc (MTN Nigeria) is pleased to announce 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 fo retail investors (Retail Offer).


The Institutional Offer opens at 12.00 noon on 23 November 2021 and closes at 2.00pm 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.

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