• About Us
  • Terms & Conditions
  • Contact Us
Saturday, August 13, 2022
Investogist
No Result
View All Result
  • Home
  • News
    • All
    • Africa
    • Nigeria
    • World
    Samsung heir Lee Jae-yong receives special presidential pardon

    Samsung heir Lee Jae-yong receives special presidential pardon

    States salary survey: Abia State owe workers over 30 months salary

    States salary survey: Abia State owe workers over 30 months salary

    Collaboration between Peter Obi and Kingsley Moghalu hinted at a meeting between the two

    Collaboration between Peter Obi and Kingsley Moghalu hinted at a meeting between the two

    Wike disowns suit against Atiku’s candidacy

    Wike disowns suit against Atiku’s candidacy

    Nigerians will soon know the “actual truth” about Atiku – Gov Wike

    2023: Wike sues Atiku, Tambuwal, INEC over Presidential Primary

    Terrorists creating ‘parallel’ govt in Kaduna, ban political activities – El-Rufai tells Buhari

    Terrorists creating ‘parallel’ govt in Kaduna, ban political activities – El-Rufai tells Buhari

    Military bases in Russia and Belarus rocked by fire & explosions

    Military bases in Russia and Belarus rocked by fire & explosions

    Seplat says ‘no official notification’ on Buhari’s reversal of approval for ExxonMobil deal

    Seplat says ‘no official notification’ on Buhari’s reversal of approval for ExxonMobil deal

    Mission around Taiwan is accomplished, regular patrols will continue – China

    Mission around Taiwan is accomplished, regular patrols will continue – China

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    US economy adds 528,000 Jobs in July, exceeding expectations

    US economy adds 528,000 Jobs in July, exceeding expectations

    NMDPRA to fast-track issuance of reviewed petroleum regulations

    NMDPRA to fast-track issuance of reviewed petroleum regulations

    NNPC says no plan to increase petrol price in March

    Petroleum subsidy cost jumps 1,452% from N257bn in 2006 to N4trn in 2022 – BudgIT

    All diaspora remittances must be received by beneficiaries in foreign currency only – CBN

    Jan-April 2022: Nigeria spent N4.72trn, only 16.4% is capital expenditure

    States with highest and lowest diesel prices in Nigeria

    States with highest and lowest diesel prices in Nigeria

    Update: Central Bank of Nigeria instructs banks to close accounts related to Crypto

    Just in: CBN raises interest rate to 14%

    Nigeria’s Inflation rate hits16.47%, the highest since May 2017

    Just in: Inflation rises to 18.60% in June, highest in over 5 years – NBS

    Germany’s energy giant hit by gas crisis seeks government bailout

    Germany’s energy giant hit by gas crisis seeks government bailout

    Russian ruble hits 7-Year high, threatening export competitiveness

    Russian ruble hits 7-Year high, threatening export competitiveness

    • Policies
    • Budgets
    • Economic Data
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Cutix Plc founder sells additional 1.8 million shares of the company

    Seplat’s Non-Executive Director sells shares worth N25.33 million

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    Local Bourse Record Losses… As Year-to-Date drops to 17.09%.

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    Equities Market Recorded Gains… as NGX-ASI grows by 1.47%.

    Twitter deal: Musk sell $6.9bn of Tesla to avoid emergency sale

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    Nigerian Equity & Fixed Income Markets Review—Bearish Trend Continues… NGX-ASI Declines by 2.26%.

    Equity Market turns bearish… As Value Traded Spikes by 409.01%

    NGX-ASI closed bearish… As laggers overpowers the gainers

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The Local Bourse Records Gain… As Year-to-Date in closed at 18.74%

    Equity Market turns bearish… As Value Traded Spikes by 409.01%

    The Equity Market Declines for a Second Day … As The NGX-ASI Fell By 0.03%.

    MTN Nigeria Communications Plc announces Board Meeting and close period for Q1 2021

    The Nigerian equities market fell… As market breadth stands at 0.93x.

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Samsung heir Lee Jae-yong receives special presidential pardon

    Samsung heir Lee Jae-yong receives special presidential pardon

    The price of Flour Mills’ Mandatory Takeover Offer to Honeywell Shareholders revealed

    The price of Flour Mills’ Mandatory Takeover Offer to Honeywell Shareholders revealed

    SEPLAT and WAPCO set a positive start to the week for the Nigerian Stock Exchange

    Seplat threatens to take legal action over Mobil acquisition

    We are not party to wind-up court case instituted by Zenon Petroleum- Ardova Plc

    We are not party to wind-up court case instituted by Zenon Petroleum- Ardova Plc

    Wema Bank Plc issues notice of AGM, share capital reconstruction among agenda

    Resolutions passed at BUA Foods Plc’s 1st AGM

    Delays in Visa issuance forces Air Peace to suspend flights to Johannesburg

    Delays in Visa issuance forces Air Peace to suspend flights to Johannesburg

    Caverton reports N202.7 million Profit After Tax for the first half of 2022

    Caverton reports N202.7 million Profit After Tax for the first half of 2022

    Acquisition of Mobil Producing Nigeria Unlimited by Seplat gets President Buhari’s approval

    Acquisition of Mobil Producing Nigeria Unlimited by Seplat gets President Buhari’s approval

    Ibom Air makes emergency evacuation of passengers in Lagos

    Ibom Air makes emergency evacuation of passengers in Lagos

    • Companies
    • Industry
    • Technology
  • Sports
    • Football
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    Is Taiwan a part of China? A short history of Taiwan

    Is Taiwan a part of China? A short history of Taiwan

    Brent crude oil price rise above $70 on OPEC projections

    From a peak of $11.5bn under GEJ to $376.65k under PMB, how the OBJ created Excess Crude Account got depleted

    Ogun & Lagos sign MoU on rail project, WHY NOT South East?

    Ogun & Lagos sign MoU on rail project, WHY NOT South East?

    How Germany came to rely so much on Russia for gas

    How Germany came to rely so much on Russia for gas

    Zoonoses day: understanding and preventing Zoonotic diseases

    Zoonoses day: understanding and preventing Zoonotic diseases

    Anambra Election Post-Mortem – a Personal Opinion

    Anambra Election Post-Mortem – a Personal Opinion

    How a Racing Heart may Alter Decision-Making Brain Circuits

    How a Racing Heart may Alter Decision-Making Brain Circuits

    Study reveals what triggers lung damage during COVID-19

    Study reveals existing drugs that kill SARS-CoV-2 in cells

    Exposure to tobacco smoke in early life is associated with accelerated biological ageing, study finds

    Exposure to tobacco smoke in early life is associated with accelerated biological ageing, study finds

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Financial Education
  • Vacancies
  • Home
  • News
    • All
    • Africa
    • Nigeria
    • World
    Samsung heir Lee Jae-yong receives special presidential pardon

    Samsung heir Lee Jae-yong receives special presidential pardon

    States salary survey: Abia State owe workers over 30 months salary

    States salary survey: Abia State owe workers over 30 months salary

    Collaboration between Peter Obi and Kingsley Moghalu hinted at a meeting between the two

    Collaboration between Peter Obi and Kingsley Moghalu hinted at a meeting between the two

    Wike disowns suit against Atiku’s candidacy

    Wike disowns suit against Atiku’s candidacy

    Nigerians will soon know the “actual truth” about Atiku – Gov Wike

    2023: Wike sues Atiku, Tambuwal, INEC over Presidential Primary

    Terrorists creating ‘parallel’ govt in Kaduna, ban political activities – El-Rufai tells Buhari

    Terrorists creating ‘parallel’ govt in Kaduna, ban political activities – El-Rufai tells Buhari

    Military bases in Russia and Belarus rocked by fire & explosions

    Military bases in Russia and Belarus rocked by fire & explosions

    Seplat says ‘no official notification’ on Buhari’s reversal of approval for ExxonMobil deal

    Seplat says ‘no official notification’ on Buhari’s reversal of approval for ExxonMobil deal

    Mission around Taiwan is accomplished, regular patrols will continue – China

    Mission around Taiwan is accomplished, regular patrols will continue – China

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    US economy adds 528,000 Jobs in July, exceeding expectations

    US economy adds 528,000 Jobs in July, exceeding expectations

    NMDPRA to fast-track issuance of reviewed petroleum regulations

    NMDPRA to fast-track issuance of reviewed petroleum regulations

    NNPC says no plan to increase petrol price in March

    Petroleum subsidy cost jumps 1,452% from N257bn in 2006 to N4trn in 2022 – BudgIT

    All diaspora remittances must be received by beneficiaries in foreign currency only – CBN

    Jan-April 2022: Nigeria spent N4.72trn, only 16.4% is capital expenditure

    States with highest and lowest diesel prices in Nigeria

    States with highest and lowest diesel prices in Nigeria

    Update: Central Bank of Nigeria instructs banks to close accounts related to Crypto

    Just in: CBN raises interest rate to 14%

    Nigeria’s Inflation rate hits16.47%, the highest since May 2017

    Just in: Inflation rises to 18.60% in June, highest in over 5 years – NBS

    Germany’s energy giant hit by gas crisis seeks government bailout

    Germany’s energy giant hit by gas crisis seeks government bailout

    Russian ruble hits 7-Year high, threatening export competitiveness

    Russian ruble hits 7-Year high, threatening export competitiveness

    • Policies
    • Budgets
    • Economic Data
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Cutix Plc founder sells additional 1.8 million shares of the company

    Seplat’s Non-Executive Director sells shares worth N25.33 million

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    Local Bourse Record Losses… As Year-to-Date drops to 17.09%.

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    Equities Market Recorded Gains… as NGX-ASI grows by 1.47%.

    Twitter deal: Musk sell $6.9bn of Tesla to avoid emergency sale

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    Nigerian Equity & Fixed Income Markets Review—Bearish Trend Continues… NGX-ASI Declines by 2.26%.

    Equity Market turns bearish… As Value Traded Spikes by 409.01%

    NGX-ASI closed bearish… As laggers overpowers the gainers

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The Local Bourse Records Gain… As Year-to-Date in closed at 18.74%

    Equity Market turns bearish… As Value Traded Spikes by 409.01%

    The Equity Market Declines for a Second Day … As The NGX-ASI Fell By 0.03%.

    MTN Nigeria Communications Plc announces Board Meeting and close period for Q1 2021

    The Nigerian equities market fell… As market breadth stands at 0.93x.

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Samsung heir Lee Jae-yong receives special presidential pardon

    Samsung heir Lee Jae-yong receives special presidential pardon

    The price of Flour Mills’ Mandatory Takeover Offer to Honeywell Shareholders revealed

    The price of Flour Mills’ Mandatory Takeover Offer to Honeywell Shareholders revealed

    SEPLAT and WAPCO set a positive start to the week for the Nigerian Stock Exchange

    Seplat threatens to take legal action over Mobil acquisition

    We are not party to wind-up court case instituted by Zenon Petroleum- Ardova Plc

    We are not party to wind-up court case instituted by Zenon Petroleum- Ardova Plc

    Wema Bank Plc issues notice of AGM, share capital reconstruction among agenda

    Resolutions passed at BUA Foods Plc’s 1st AGM

    Delays in Visa issuance forces Air Peace to suspend flights to Johannesburg

    Delays in Visa issuance forces Air Peace to suspend flights to Johannesburg

    Caverton reports N202.7 million Profit After Tax for the first half of 2022

    Caverton reports N202.7 million Profit After Tax for the first half of 2022

    Acquisition of Mobil Producing Nigeria Unlimited by Seplat gets President Buhari’s approval

    Acquisition of Mobil Producing Nigeria Unlimited by Seplat gets President Buhari’s approval

    Ibom Air makes emergency evacuation of passengers in Lagos

    Ibom Air makes emergency evacuation of passengers in Lagos

    • Companies
    • Industry
    • Technology
  • Sports
    • Football
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    Is Taiwan a part of China? A short history of Taiwan

    Is Taiwan a part of China? A short history of Taiwan

    Brent crude oil price rise above $70 on OPEC projections

    From a peak of $11.5bn under GEJ to $376.65k under PMB, how the OBJ created Excess Crude Account got depleted

    Ogun & Lagos sign MoU on rail project, WHY NOT South East?

    Ogun & Lagos sign MoU on rail project, WHY NOT South East?

    How Germany came to rely so much on Russia for gas

    How Germany came to rely so much on Russia for gas

    Zoonoses day: understanding and preventing Zoonotic diseases

    Zoonoses day: understanding and preventing Zoonotic diseases

    Anambra Election Post-Mortem – a Personal Opinion

    Anambra Election Post-Mortem – a Personal Opinion

    How a Racing Heart may Alter Decision-Making Brain Circuits

    How a Racing Heart may Alter Decision-Making Brain Circuits

    Study reveals what triggers lung damage during COVID-19

    Study reveals existing drugs that kill SARS-CoV-2 in cells

    Exposure to tobacco smoke in early life is associated with accelerated biological ageing, study finds

    Exposure to tobacco smoke in early life is associated with accelerated biological ageing, study finds

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Financial Education
  • Vacancies
No Result
View All Result
Investogist
No Result
View All Result
Home Business

MTN Nigeria’s Public Offer: N169.00 per Ordinary Share plus an incentive of 1 free share for every 20 shares

Tuesday, 30 November 2021, 8:51 pm
in Business, Companies
0
MTNN responds to alleged Tax indebtedness, “We make early payments”
Share Share Share Share Send as Email

MTN Nigeria Communications Plc (NGX: MTNN) has announced the launch of its public offering to retail investors. The Telecoms company is seeking to sale up to 575 million shares held in MTN Nigeria by MTN Group.

Having concluded its book building, MTNN has price the shares to retail investors at N169.00 per share. The Offer will open at 8.00am on 1 December 2021 and close at 5.00pm on 14 December 2021.

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 purchase, subject to a maximum of 250 free shares per investor.

The incentive is open to retail investors who buy and hold the shares alloted to them for at least 12 months, post the allotment date.

Read also; Shareholders of Conoil plc shared N1.04 billion dividend for 2020 financial year

It means that for an investor to obtain the maximum free shares, he or she will have to buy 5,000 shares of the stock. 5,000 shares at N169.00 will cost N845,000.00 excluding BUY charges. On average therefore, the shares would be costing the investor N161.00 per share excluding charges.

According to the launch announcement seen by Investogist, the Retail Offer will be delivered via a digital platform.

Commenting on the price announcement, MTN Nigeria Chief Executive Officer, Karl Toriola, said:

“Our journey to becoming the largest network in Nigerian has been humbling, but we still have a long way to go. There is much more to do to support the evolution of an inclusive digital economy, and we continue to invest as we evolve into a truly digital operation, capable of seamlessly integrating value across the evolving telecommunications, digital and fintech segments.”

MTN Group President and Chief Executive Officer Ralph Mupita, said that this is the first in a series of transactions as MTN Group implements its plans to ensure broad-based ownership by reducing its shareholding in MTN Nigeria to 65% over time.

Investors will be able to submit applications through the Issuing Houses, Receiving Agents (authorised Stockbrokers and Nigerian banks) and online vai a unique digital application platform, Primary Offer, administered by the Nigerian Exchange Limited.

Further details and a full directory of authorised receiving agents are at www.mtnonline.com/PO.

Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

Related Posts:

  • MTN Nigeria sets the ball rolling on it's 575 million ordinary shares offer to Investors
    MTN Nigeria sets the ball rolling on it's 575 million…
  • Board of Directors of CAP Plc recommends N2.10 dividend per ordinary share
    Board of Directors of CAP Plc recommends N2.10 dividend per…
  • MTNN reports 139.4% oversubscription of its ordinary share offering
    MTNN reports 139.4% oversubscription of its ordinary share…
  • AXA Mansard announce 25 kobo dividend per ordinary share for 2021 FYI
    AXA Mansard announce 25 kobo dividend per ordinary share for…
Previous Post

FPL GW14 Scout Selection: It’s Captain Salah again

Next Post

NGX Daily Equities Market Report: Losses continue into Tuesday, as ASI drop by 0.09%

Next Post
Nigerian Exchange Daily Market Report: Airtel loses drag down market by 1.7%

NGX Daily Equities Market Report: Losses continue into Tuesday, as ASI drop by 0.09%

Leave a Reply Cancel reply

Your email address will not be published.

  • Trending
  • Comments
  • Latest
UBA suffers maximum possible loss on NSE as investors dump the stocks

VACANCY: UBA is recruiting qualified candidates into several positions in Nigeria

vacancy: Montego Upstream Services is recruiting

vacancy: Montego Upstream Services is recruiting

Military bases in Russia and Belarus rocked by fire & explosions

Military bases in Russia and Belarus rocked by fire & explosions

Nigerians will soon know the “actual truth” about Atiku – Gov Wike

2023: Wike sues Atiku, Tambuwal, INEC over Presidential Primary

Terrorists creating ‘parallel’ govt in Kaduna, ban political activities – El-Rufai tells Buhari

Terrorists creating ‘parallel’ govt in Kaduna, ban political activities – El-Rufai tells Buhari

Cutix Plc founder sells additional 1.8 million shares of the company

Seplat’s Non-Executive Director sells shares worth N25.33 million

Samsung heir Lee Jae-yong receives special presidential pardon

Samsung heir Lee Jae-yong receives special presidential pardon

2022 Messi-less 30-man Ballon d’Or Shortlist, Asisat Oshola on the 20-woman shortlist

2022 Messi-less 30-man Ballon d’Or Shortlist, Asisat Oshola on the 20-woman shortlist

States salary survey: Abia State owe workers over 30 months salary

States salary survey: Abia State owe workers over 30 months salary

Investogist
info@investogist.com

Follow us

Categories

  • Africa
  • Agriculture
  • Arts & Culture
  • Budgets
  • Business
  • Columnists
  • Commodities
  • Companies
  • Cryptocurrencies
  • Economic Data
  • Economy
  • Editorials
  • Financial Education
  • Football
  • Forex
  • Industry
  • Investogist Business Saturday
  • Job Opportunities
  • Markets
  • Nature
  • News
  • Nigeria
  • Op-ed
  • Opinion & Analysis
  • Places & People
  • Policies
  • Rates & Bonds
  • Sports
  • Stocks/Equities
  • Technology
  • Travel & Tours
  • Vacancies
  • World

Quick Links

  • News
  • Economy
  • Markets
  • Business
  • Opinion & Analysis
  • Travel & Tours

Newsletter

Copyright © 2021 investogist.com, All Rights Reserved

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us

No Result
View All Result
  • Home
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Business
    • Companies
    • Industry
    • Technology
  • Sports
    • Football
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Financial Education
  • Vacancies

Copyright © 2021 investogist.com, All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist