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    MTNN   NGMTNN000002

MTN NIGERIA COMMUNICATIONS PLC

(MTNN)
  Report
End-of-day quote. End-of-day quote Nigerian Stock Exchange - 01/20
190 NGN   0.00%
01/17MTN NIGERIA COMMUNICATIONS : Clarification of rumour
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2021MTN NIGERIA COMMUNICATIONS : Mtn nigeria sustainability report 2020
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2021MTN NIGERIA COMMUNICATIONS : Directors dealings
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MTN Secures SEC's Approval for Sale of 575m Shares, Launches Equity Bookbuild to Investors Ahead of Retail Offer

11/24/2021 | 01:07am EST

MTN Nigeria Communications Plc (MTN Nigeria) says Securities and Exchange Commission (SEC) has approved an offer for sale of up to 575 million ordinary shares in MTN Nigeria held by MTN International (Mauritius) Limited, by way of a bookbuild to qualified investors, also known as Institutional Offer and a fixed price to retail investors (Retail Offer).

MTN disclosed this in a statement it issued Tuesday, which was signed by the Company's Secretary, Uto Ukpanah.

According to the statement, the Institutional Offer opened at 12.00 noon on 23 November 2021and would close at 2.00pm 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 MTN promised to make further announcement and publish same after obtaining clearance from the SEC.

This is coming few weeks after MTN had disclosed the successful completion of the issuance of its N89. 9 billion Series II 10-Year 12.75 per cent Fixed Rate Bonds due 2031, known as "Series II Bond", under the N200 billion Bond Issuance Programme.

MTN Nigeria is one of Africa's largest providers of communications services, connecting approximately 68 million people in communities across the country with each other and the world. Guided by a belief that everybody deserves the benefits of a modern connected life, MTN Nigeria's leadership position in coverage, capacity and innovation has remained constant since its launch in 2001.

Copyright This Day. Distributed by AllAfrica Global Media (allAfrica.com)., source News Service English

Stocks mentioned in the article
ChangeLast1st jan.
MTN GROUP LIMITED 1.18% 165.71 End-of-day quote.-2.93%
MTN NIGERIA COMMUNICATIONS PLC 0.00% 190 End-of-day quote.-3.55%
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More news
Financials
Sales 2021 1 606 B 3 876 M 3 876 M
Net income 2021 302 B 729 M 729 M
Net Debt 2021 969 B 2 339 M 2 339 M
P/E ratio 2021 12,7x
Yield 2021 6,39%
Capitalization 3 867 B 9 326 M 9 332 M
EV / Sales 2021 3,01x
EV / Sales 2022 2,64x
Nbr of Employees 1 844
Free-Float -
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MTN Nigeria Communications PLC Technical Analysis Chart | MTNN | NGMTNN000002 | MarketScreener
Technical analysis trends MTN NIGERIA COMMUNICATIONS PLC
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 6
Last Close Price 190,00 NGN
Average target price 222,91 NGN
Spread / Average Target 17,3%
EPS Revisions
Managers and Directors
Karl Olutokun Toriola Chief Executive Officer & Director
Ferdi Moolman Non-Executive Director
Modupe Agbolade Kadri Chief Financial Officer & Executive Director
Ernest Chukwuka-Anene Ndukwe Non-Executive Director
Mohammed Rufai Chief Technical Officer
Sector and Competitors