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SEC confirms MTN application for listing on stock market

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MTN Nigeria has formally applied for listing by introduction on the Nigerian Stock Exchange (NSE).This was made known by the Head of Corporate

This was made known by the Head of Corporate Communications of the Securities and Exchange Commission , Mrs. Efe Ebelo, on Monday in Abuja.

“They have applied for listing by introduction which will enable the company to be listed and allow shareholders sell their shares on the floor of the exchange.It would be recalled the telecoms giant recently changed its status from a private company to a public liability company ahead of its listing on the exchange.

The listing on the NSE would create a new telecoms asset class for investors and provide a wider group of Nigerians with a chance to participate in MTN investment opportunity. “Our conversion to a Plc is a major step towards listing by introduction on the Nigerian Stock Exchange in the first half of 2019.

 

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