MTN Ghana offers 4.6 billion shares to the public through an IPO

By Published On: May 30th, 2018Categories: IPO News

MTN Ghana is the leading provider of mobile telecommunications services in Ghana. The Company has over 17.83 million subscribers with a market share of approximately 55.09% as at December 2017. MTN Ghana, in line with its vision and mission, continues to lead the delivery of a bold new Digital World to customers and to make their lives a whole lot brighter.

MTN Ghana intends to undertake the following:

  1. a public offer of up to 4,637,394,533 ordinary shares of MTN Ghana (the “Offer Shares”), representing up to 35% of the issued shares of MTN Ghana after the offer, to Qualifying Applicants (as defined below) (the “Offer”). The Offer Shares will be acquired through an issuance of up to 2,489,698,667 new ordinary shares of MTN Ghana (“Subscription Shares”) and a sale by the Selling Shareholder (as defined below) of up to 2,147,695,867 issued shares in MTN Ghana (the “Sale Shares”); and
  2. a listing of all the Offer Shares and the already issued 10,760,000,000 ordinary shares of MTN Ghana (the “Existing Shares”) (the Offer Shares and the Existing Shares, together, the “MTN Ghana Shares”) on the GSE.

Download the MTN Ghana prospectus

The contents of the post above were obtained from third parties, which We, AfricanFinancials, believe to be reliable. However, We do not guarantee their accuracy and the above information may be in condensed form. The reader is encouraged to refer to the original source of the information, which, in most cases, is in PDF format and on the originating company's letterhead. While We endeavour to replicate the original content accurately, We cannot guarantee the absence of errors in the above article and We disclaim any liability regarding reliance on information provided in this article.

MTN Ghana (MTN.gh)

Share price: 1.30 Cedis (0.00 | 0.00% – 27/03/23)

Sign up for Email Alerts

Recent Documents & News