{"id":54080,"date":"2021-11-23T21:14:29","date_gmt":"2021-11-23T20:14:29","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=54080"},"modified":"2021-11-23T21:19:45","modified_gmt":"2021-11-23T20:19:45","slug":"sec-approves-mtn-offer-for-sale-of-575-million-shares","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/sec-approves-mtn-offer-for-sale-of-575-million-shares\/","title":{"rendered":"SEC Approves MTN Offer For Sale Of 575 Million Shares"},"content":{"rendered":"

MTN Nigeria Communications Plc has obtained the approval of the Securities and Exchange Commission for the offer for sale of up to 575 million ordinary shares in MTN Nigeria held by the MTN Group<\/p>\n

This is contained in a notice signed by the MTNN Company Secretary, Uto Ukpanah, posted on the website of the Nigerian Exchange Ltd. on Tuesday in Lagos.<\/p>\n

\"\"<\/p>\n

As previously communicated, the offer will be by way of bookbuild to institutional investors (institutional offer), and subsequently, a fixed price to retail investors (retail offer).<\/p>

\r\n
Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

\u201cThe institutional offer opens today at 12.00 noon, Nov. 23, and closes at 2:00 p.m., on Nov. 26, after which a fixed price will be determined for the retail offer.<\/p>\n

\u201cThe retail offer is proposed to open after the institutional offer and an announcement will be published in the regard once clearance is obtained from SEC,\u201d it said.<\/p>\n

(NAN)<\/p>\n","protected":false},"excerpt":{"rendered":"

MTN Nigeria Communications Plc has obtained the approval of the Securities and Exchange Commission for the offer for sale of up to 575 million ordinary shares in MTN Nigeria held by the MTN Group<\/p>\n","protected":false},"author":6,"featured_media":25715,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[647],"coauthors":[2391],"class_list":["post-54080","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-mtn"],"yoast_head":"\nSEC Approves MTN Offer For Sale Of 575 Million Shares - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/sec-approves-mtn-offer-for-sale-of-575-million-shares\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SEC Approves MTN Offer For Sale Of 575 Million Shares - 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