MTNN Notifies of Regulatory Approval to Redeem Convertible Redeemable Cumulative Preference Shares


Thursday, January 02, 2020 / 3:41 PM / NSE / Header Image Credit: Techcentral

MTN Nigeria PLC is pleased to confirm that its Bankers have received Regulatory Approvals for MTN Nigeria PLC to redeem all 402,590,263 Preference Shares of US$0.005 at a price of $0.9925579 per share.

The redemption of preference shares was approved by the Board on April 24, 2019 subject to obtaining necessary regulatory approvals.

MTN Nigeria PLC has commenced payment to the Preference Shareholders and formal notice will be dispatched to shareholders as soon as the payment is concluded.


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