MTN GROUP LIMITED - Approval obtained for the public offer of MTN Nigeria ordinary shares
Approval obtained for the public offer of MTN Nigeria ordinary shares
MTN Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1994/009584/06)
(Share code MTN)
(ISIN: ZAE000042164)
(MTN Group)
Approval obtained for the public offer of MTN Nigeria ordinary shares
MTN Group is pleased to announce that the Securities and Exchange Commission (SEC) has approved
an offer for sale of up to 575 million ordinary shares in MTN Nigeria, by way of a bookbuild to qualified
investors (Institutional Offer) and a fixed price to retail investors (Retail Offer).
The Institutional Offer opens on 23 November 2021 and closes at 15.00 SAST on 26 November 2021,
after which a fixed price will be determined for the Retail Offer. The Retail Offer is proposed to open
after the Institutional Offer, and an announcement will be published in this regard once clearance is
obtained from the SEC.
Fairland
23 November 2021
Lead Sponsor
J.P. Morgan Equities South Africa Proprietary Limited
Joint Sponsor
Tamela Holdings Proprietary Limited
Date: 23-11-2021 11:31:00
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