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    MTN   ZAE000042164

MTN GROUP LIMITED

(MTN)
  Report
End-of-day quote. End-of-day quote Johannesburg Stock Exchange - 01/18
163.5 ZAR   +0.05%
01/11MTN Uganda Launches Momoadvance
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01/08S.Africa telco MTN sides with regulator in spectrum auction rift
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01/05South Africa's Telkom asks court to stop spectrum auction again
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MTN : Approval obtained for the public offer of MTN Nigeria ordinary shares

11/23/2021 | 05:49am EST

MTN Group is pleased to announce that the Securities and Exchange Commission (SEC) has approved an offer for sale of up to 575 million ordinary shares in MTN Nigeria, by way of a bookbuild to qualified investors (Institutional Offer) and a fixed price to retail investors (Retail Offer).

The Institutional Offer opens on 23 November 2021 and closes at 15.00 SAST on 26 November 2021, after which a fixed price will be determined for the Retail Offer. The Retail Offer is proposed to open after the Institutional Offer, and an announcement will be published in this regard once clearance is obtained from the SEC.

"MTN Group is pleased with the launch of this public offer. This is the first step in a series of offers over the near to medium-term for MTN Group to sell-down a total of up to 14% shareholding in MTN Nigeria. This should result in greater ownership by Nigerian institutional and retail shareholders, and increased liquidity of the share on the Nigerian Stock Exchange." said Group President and Chief Executive Officer Ralph Mupita.

MTN Group currently holds 78.8% shareholding in MTN Nigeria.

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Disclaimer

MTN Group Ltd. published this content on 23 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 November 2021 10:48:08 UTC.


ę Publicnow 2021
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Analyst Recommendations on MTN GROUP LIMITED
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Financials
Sales 2021 180 B 11 683 M 11 683 M
Net income 2021 16 158 M 1 051 M 1 051 M
Net Debt 2021 83 708 M 5 445 M 5 445 M
P/E ratio 2021 18,1x
Yield 2021 2,10%
Capitalization 295 B 19 022 M 19 175 M
EV / Sales 2021 2,11x
EV / Sales 2022 1,89x
Nbr of Employees -
Free-Float -
Chart MTN GROUP LIMITED
Duration : Period :
MTN Group Limited Technical Analysis Chart | MTN | ZAE000042164 | MarketScreener
Technical analysis trends MTN GROUP LIMITED
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 163,50 ZAR
Average target price 163,09 ZAR
Spread / Average Target -0,25%
EPS Revisions
Managers and Directors
Ralph Tendai Mupita Group President, CEO & Executive Director
L. Tsholofelo Molefe Group Chief Financial Officer & Director
Mcebisi Hubert Jonas Chairman
Charles Molapisi Chief Information & Technology Officer
Jens Schulte-Bockum Group Chief Operating Officer
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