MTN Nigeria Communications yesterday said it has successfully completed the registration of 20.35 billion ordinary shares of two kobo each with the Securities and Exchange Commission (SEC).
According to the Chief Executive Officer of MTN, Ferdi Moolman, the completion of this process sets in motion the next steps in MTN’s intended listing by introduction on the Nigerian Stock Exchange (NSE).
“I am excited we have achieved another milestone in our listing process and want to thank the SEC and the Corporate Affairs Commission (CAC) for supporting us through the process.
We have now begun to engage with the Nigerian Stock Exchange (NSE) to complete the listing process.”
“Our conversion to a Plc is a major step towards listing by introduction on the Nigerian Stock Exchange in the first half of 2019
“It is a reaffirmation of our long-term commitment to expanding investment opportunities for Nigerians, in addition to providing everyday services to them.
We look forward to continuing our engagement with the SEC and NSE to take forward the listing process.”
The Security Exchange Commission (SEC) said it has received an application from MTN Nigeria requesting for registration of its existing securities. Earlier, a statement by SEC said MTN Nigeria has applied for listing by introduction, preparatory to being listed and its shares trade-able on the floor of the NSE. The application, the commission said is presently receiving attention.
