MTN stock market application – Securities and Exchange Commission confirms

MTN stock market application – Securities and Exchange Commission confirms

May 6, 2019 0 By gospel

MTN stock market application – Securities and Exchange Commission confirms

MTN stock market application…MTN Nigeria has formally connected for posting by a presentation on the Nigerian Stock Exchange (NSE). This was made known by the Head of Corporate Communications of the Securities and Exchange Commission (SEC), Mrs. Efe Ebelo, on Monday in Abuja.

MTN stock market application – Securities and Exchange Commission confirms

As per her: “The Securities and Exchange Commission, SEC, can affirm that we are in receipt of an application from MTN mentioning for the enlistment of their current securities.

“They have connected for posting by a presentation which will empower the organization to be recorded and enable investors to sell their offers on the floor of the trade.

“Their application is by and by accepting consideration.”

It would be reviewed the telecoms mammoth as of late changed its status from a privately owned business to an open risk organization in front of its posting on the trade.

Additionally, as an approach to determine the N330 billion fine put on MTN by the Nigerian Communications Commission (NCC) for its powerlessness to detach inappropriately enrolled SIM cards, posting on the NSE was one of the conditions come to.

Read Also: Olam plans to purchase Dangote Flour for N130bn

The posting on the NSE would make another telecoms resource class for speculators and furnish a more extensive gathering of Nigerians with an opportunity to take an interest in MTN venture opportunity.

The Chief Executive Officer of MTN Nigeria, Mr. Fredi Moolman, who made the declaration, said that the posting was a piece of its duty to restriction in the business sectors in which it works.

“Our transformation to a Plc is a noteworthy advance towards posting by a presentation on the Nigerian Stock Exchange in the principal half of 2019.

“It is a reaffirmation of our long haul duty to extending venture open doors for Nigerians, notwithstanding giving ordinary administrations to them.

“We anticipate proceeding with our commitment with the SEC and NSE to take forward the posting procedure,” he said.