MTN Nigeria Plc said it is awaiting the completion of the review process by Securities and Exchange companies SEC to announce the offer result and share allotments.
its company secretary, Uto Ukpanah said the announcement of shares allotment will be made once all regulałory approvals have been obtained.
“The attention of MTN Nigeria Communications Plc (MTN Nigeria) has been drawn to media reports purporting to provide information on the allotment of shares from the recently concluded offer for sale of some of MTN International (Mauritius) Limited’s
shares held in MTN Nigeria.
The information being reported did not emanate from the Company,” MTN stated.
“The Securities & Exchange Commission’s review process is ongoing and an announcement will be made by the Company once all regulałory approvals have been obtained.
“MTN Nigeria advises shareholders and the investing public to exercise caution when reacting to information the Company has not released.”
The offer opened on the 1st of December 2021 by 8:00 am prompt and closed at 5:00 pm on the 14th of December, 2021. Details of the offering showed that interested investors with N3,380 were allowed to purchase 20 shares at N169 per share with one share bonus.
