Just in: MTN fulfils promise, opens offer to retail investors at Exchange
Following the successful fulfilment of all Exchange conditions, the leading GSM company in Nigeria, MTN Nigeria will effective tomorrow open from 8am, its offer to retail investors.
Details gathered by Business Hilights showed that the offer will close at 5 pm on 14th December 2021. The Offer is priced at N169.00 per share
The minimum subscription is for 20 shares and lots of 20 shares thereafter. The Offer also includes an incentive of 1 free share for every 20 shares purchased and is capped at 250 free shares per investor. This incentive is open to retail investors who buy and hold the shares for at least 12 months, post allotment.
It was further gathered that the offer to retail investors (Retail Offer) represents 90% of the total offer size.
Accordingly, interested Nigerians are encouraged to send their bids as offer opens.
