MTN Nigeria Communications Plc (MTNN) has announced the price of its initial public offering to retail investors.
MTNN disclosed in a statement on the NGX website, signed by Company Secretary Uto Ukpana, “The minimum subscription is for 20 shares and lots of 20 shares thereafter. The offer includes an incentive in the form of 1 free share for every 20 shares purchased, subject to a maximum of 250 free shares per investor,” he said.
Interested investors should ensure that they complete and submit applications through any of the following channels.
PrimaryOffer
To apply for shares through PrimaryOffer, investors need to:
Visit the PrimaryOffer website at www.primaryofferng.com
Download the PrimaryOffer app. Available for free from the App Store for IOS and Google Play Store for Android.
Receiving Agents
To apply for shares through the Receiving Agents, investors need to:
- Complete an application form.
- Submit the completed application form and evidence of payment to a Receiving Agent.
- You can also call the Customer Support Centre – 070046837862452 or 080MTNOFFER (0806 866 3337) for enquiries.
The minimum subscription is for 20 shares and lots of 20 shares thereafter and only persons above 18 years of age is eligible to buy the MTN shares on offer with a limited number of conditions.
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- Applicants must apply for a minimum of 20 shares and multiples of 20 shares thereafter.
- Applicants must have a valid BVN to register and submit an application on PrimaryOffer.
- Applicants must have a CHN and CSCS account.
The incentive is open to retail investors who buy and hold the shares allotted to them for at least 12 months, post the allotment date. You can go to this page for more information on the MTN Share offer.
