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-
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.
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