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Please be informed that the MTN offer is live!
What is the MTN Offer?
MTN Group is selling some of its existing shares in MTN Nigeria. Up to 575,000,000 shares will be offered in this round. This offer will enable more participation of Nigerian investors, by providing an opportunity to as many Nigerians as possible to own shares in MTN Nigeria.
How many shares are being offered in this round?
Up to 575,000,000 shares are on offer in this round. However, the number of shares available may be increased by up to 15% in response to significant demand, i.e. if demand exceeds supply
How will the shares be sold?
The shares are being sold through an offer for sale to the public.
Applications for the MTN Offer opens from 8:00 am on Wednesday, 1 December 2021 to 5:00 pm on Tuesday, 14 December 2021.
Interested investors can find full details of how to submit an application at www.mtnonline.com/PO and should ensure that applications are completed and submitted through authorised Receiving Agents or the Primary Offer app.
How much is a share?
The shares are being offered to retail investors at a price of N169.00 per share per share.
Is there an incentive for investors to participate?
The Offer has been done in such a way to encourage the participation of as many Nigerians as possible and offers incentive shares to investors who participate in the Offer.
MTN is offering a promo in the form of 1 free share for every 20 shares purchased and held for 12 months from when the shares are allotted to subscribers
How can I apply/where can I buy MTN shares?
Interested investors should use the approved channels listed below to submit an application.
PrimaryOffer by NGX - Apply for your shares digitally through the Primary Offer app
- Visit the Primary Offer website www.primaryofferng.com
- Download the Primary Offer app from the App Store for IOS and Google Play store for Android devices
Receiving Agents - Apply for your shares through authorised Receiving Agents - Issuing Houses, Stockbrokers & Banks (applications can be completed and submitted, and payments processed at bank branches nationwide).
Who can buy the MTN shares on offer?
Anyone above 18 years of age is eligible to buy the MTN shares on offer, but there are a limited number of conditions.
· 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 Primary Offer.
· Applicants must have a CHN (Clearing House Number) and CSCS account (Central Securities Clearing System) . If you do not have a CSCS account, your stockbroker can assist in setting one up for you before completing your application. A CSCS account can also be created for you as part of the application process on Primary Offer.
Customers can also visit www.mtnonline.com/PO or contact 08068663337 for further enquiries.
Customer enquiries on the MTN offer should be tagged using the Call Reasons below:
Type: Query
Category: General Information Enquiries
Sub-Category: MTN Share Offer Education
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