Download MTN Ghana IPO Prospectus (Offer opens May 29) - Welcome To Ejitex News & Tech Portal

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Download MTN Ghana IPO Prospectus (Offer opens May 29)

Download MTN Ghana IPO Prospectus (Offer opens May 29)

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MTN has released its IPO Prospectus for Ghana. According to details of the Public Offer presented to the Ghanaian investor community, MTN reveals that it intends to undertake the following;

(a) a public offer of up to 4,637,394,533 ordinary shares of MTN Ghana (the “Offer Shares”), representing up to 35% of the issued shares of MTN Ghana after the offer, to Qualifying Applicants (as defined below) (the “Offer”). The Offer Shares will be acquired through an issuance of up to 2,489,698,667 new ordinary shares of MTN Ghana (“Subscription Shares”) and a sale by the Selling Shareholder (as defined below) of up to 2,147,695,867 issued shares in MTN Ghana (the “Sale Shares”); and

(b) a listing of all the Offer Shares and the already issued 10,760,000,000 ordinary shares of MTN Ghana (the “Existing Shares”) (the Offer Shares and the Existing Shares, together, the “MTN Ghana Shares”) on the GSE (as defined below) (the “Listing”),

The offer opens May 29th, 2018 and closes July 31, 2018. MTN shares will be listed on the 5th of September 2018 on the Ghanaian Stock Exchange.

You can download the MTN Ghana offer prospectus here

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