The pricing of MTN Nigeria Communications Plc’s (MTNN) first public offering to retail investors has been disclosed.
The telecoms giant said on Tuesday that it will make 575 million of its shares available to the public at a price of N169 per unit.
The sale began at 8:00 a.m. on December 1 and will end at 5:00 p.m. on December 14. Nearly two years after debuting on the Nigerian Exchange Limited, the firm is inviting public subscriptions for the first time (NGX).
“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 purchased, subject to a maximum of 250 free shares per investor,” he said.
“The incentive is open to retail investors who buy and hold the shares allotted to them for at least 12 months, post the allotment date.”
How to Invest in MTN Nigeria Shares
NGX’s PrimaryOffer app allows you to apply for your shares digitally.
- Visit the NGX PrimaryOffer website at www.primaryofferng.com; or,
- Download the NGX PrimaryOffer app from the App Store for IOS devices or the Google Play Store for Android devices.
To register and submit an application on PrimaryOffer, you’ll need your BVN, CHN, and CSCS number.
MTN MoMo agents have also been trained to help consumers and offer instructions on how to apply through PrimaryOffer.
Download the app from the above link, fill out the form with your BVN, CHN, and CSCS number, and submit.
Note: the stock is trading on the Nigerian stock exchange. You can view how the application form appears.
More information may be found here.
Please let us know whether you were able to acquire your shares from MTN.