Press Releases
MTN Nigeria set to allot incentive shares to qualified shareholders
MTN Nigeria Plc has announced the imminent execution of its planned allotment of incentive shares to qualified shareholders who participated in its first public offer.
This was contained in a corporate disclosure that was signed by Company Secretary Uto Ukpanah, as seen on the Nigerian Exchange Limited.
How to qualify: To qualify for incentive shares, shareholders must meet the following three key conditions-
- Purchase and be allotted at least 20 ordinary shares of the offer.
- Holding some or all of the shares allotted at the offer as of the qualification date of 31 January 2023 but subject to holding at least 20 ordinary shares.
- The name must appear in the register of members at the qualification date.
Qualified shareholders will have their incentive shares credited to their CSCS accounts after the qualification date and after obtaining the requisite regulatory approvals.
The backstory: Recall that the offer for the sale of 575 million ordinary shares of MTN Nigeria was completed on 31 January 2022.
- The terms of the offer included an incentive of one ordinary share for every twenty ordinary shares purchased and allotted up to a maximum of 250 ordinary shares.
- The incentive shares will be allotted to qualified shareholders who participated in the offer and held all or some of their offers shared continually from 31 January 2022 to 31 January 2023.
- Entertainment11 hours ago
Olajumoke Onibread Gets New Opportunity In Life, Takes Fresh Move…(Videos)
- News9 hours ago
Man found d3ad in Ogun hotel room four days after arriving from U.S
- Top Stories11 hours ago
Embattled UNIZIK VC Rejects President Tinubu’s Sack,Gives Reason
- Top Stories9 hours ago
Reevaluate your economic policies….they have worsened lives of Nigerians – ACF tells President Tinubu
- Politics1 hour ago
Ohanaeze Ndigbo Reveals Speaks On What Simon Ekpa’s Arrest Means For Igbo Nation
- Entertainment11 hours ago
Italian village offers $1 houses to Americans fleeing Donald Trump
- News10 hours ago
NEWSPAPER HEADLINES FOR THURSDAY 21ST NOVEMBER 2024
- Entertainment8 hours ago
Car Dealer Surprises Davido With Brand New Escalade To Celebrate His Birthday