MTNN To Allot Incentive Shares To Qualified Shareholders Business
This was contained in a corporate disclosure signed by company secretary of MTNN, Uto Ukpanah, on the Nigerian Exchange Limited.
According to MTNN, “we wish to inform the market of the imminent execution of the allotment of Incentive Shares to qualified Shareholders. The Offer for sale of 575 million ordinary shares of MTN Nigeria held by MTN International Limited was successfully completed on January 31, 2022, the date on which the Securities and Exchange Commission’s clearance of the Offer allotment was obtained.
The telecom company added that the shareholders must have their names appear in the company’s register of members on the qualification date, saying “qualified shareholders will have their incentive shares credited to their CSCS accounts after the qualification date and obtaining the requisite regulatory approvals.
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