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    MTN   ZAE000042164


End-of-day quote. End-of-day quote Johannesburg Stock Exchange - 01/21
165.57 ZAR   -0.08%
01/11MTN Uganda Launches Momoadvance
01/08S.Africa telco MTN sides with regulator in spectrum auction rift
01/05South Africa's Telkom asks court to stop spectrum auction again
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MTN : Nigeria launches retail offer roadshow

12/01/2021 | 11:11am EST

MTN Nigeria Communications Plc (MTN Nigeria) is pleased to announce the launch of a nationwide roadshow to engage interested retail investors in the on-going offer by MTN Group for shares in MTN Nigeria. The first event of the roadshow was today in Abuja.

MTN Group Chairman Mcebisi Jonas and MTN Group President and CEO Ralph Mupita attended the roadshow, which is being held on the sidelines of the state visit to the Federal Republic of Nigeria by South African President Cyril Ramaphosa. Both countries are also participating in the 10th Bi-National Commission.

Jonas said the offer to retail investors to buy shares in MTN Nigeria was a milestone: "We are delighted to be here to mark this momentous event and would like to express our thanks to the regulator and MTN Nigeria's broader stakeholder base for their support over the years. MTN is a pan-African company which works to deepen inclusion and create shared value."

Mupita said the MTN Group had made a clear strategic decision to build shared value across operations: "The best way we can do that is by enabling broad ownership in our operating companies. This offer is the first phase of that process in Nigeria, as we progressively reduce our shareholding from 78% to 65% over time. I am incredibly proud to be able to be here today, engaging directly with the Nigerian shareholders we hope will join us on the next phase of our journey."

MTN Nigeria Chairman Ernest Ndukwe said the company's success over the past 20 years would not have been possible without a supportive operating environment. "This MTN story is also a demonstration of the opportunity that Nigeria represents for investors," he said.

MTN Nigeria CEO Karl Toriola said the offer had been structured to be available to as many Nigerian investors as possible: "Today's roadshow in Abuja is the first in a schedule that takes us to every state of the Federation over the next two weeks. It is really important for us to provide Nigerians across the country with the opportunity to engage with us as we build a shareholder base that is nationally representative."

The offer opened at 8:00am on 1 December 2021 and will close at 5:00pm on 14 December 2021. The minimum subscription is for 20 shares and lots of 20 shares thereafter. The offer includes an incentive in the form of 1 free share for every 20 shares purchased, subject to a maximum of 250 shares per investor. The incentive is open to retail investors who buy and hold the shares allotted to them for at least 12 months after the allotment date.

Investors are able to submit applications through the issuing houses, receiving agents (authorised stockbrokers and Nigerian banks) and online via a unique digital application platform, PrimaryOffer, administered by the Nigerian Exchange Limited.

Further details and a full directory of authorised receiving agents are at www.mtnonline.com/PO.

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MTN Group Ltd. published this content on 01 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 December 2021 16:10:04 UTC.

ę Publicnow 2021
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Analyst Recommendations on MTN GROUP LIMITED
More recommendations
Sales 2021 180 B 11 893 M 11 893 M
Net income 2021 16 158 M 1 070 M 1 070 M
Net Debt 2021 83 708 M 5 543 M 5 543 M
P/E ratio 2021 18,4x
Yield 2021 1,94%
Capitalization 298 B 19 803 M 19 766 M
EV / Sales 2021 2,13x
EV / Sales 2022 1,91x
Nbr of Employees -
Free-Float -
Duration : Period :
MTN Group Limited Technical Analysis Chart | MTN | ZAE000042164 | MarketScreener
Technical analysis trends MTN GROUP LIMITED
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 165,57 ZAR
Average target price 166,00 ZAR
Spread / Average Target 0,26%
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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