MTN To List Shares On Nigerian Stock

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MTN To List Shares On Nigerian Stock Exchange – MTN Nigeria has announced its decision to list its shares on the Nigerian Stock Exchange come 2017.

The joint transaction advisors and joint global coordinators for the listing are Stanbic IBTC Capital Limited (together with its affiliates, The Standard Bank of South Africa Limited and Standard Advisory London Limited) and Citigroup Global Markets Limited, with Stanbic the lead issuing house for the shares.

The proposed listing “would be subject to suitable market circumstances and conditions and the appropriate approvals from relevant regulators and other stakeholders,” according to a statement from the company. MTN had agreed to list its shares as part of negotiations over a N1.4 trillion fine from the NCC.

“MTN Nigeria is pleased to announce that its Board of Directors has resolved to proceed with preparations for a listing of MTN Nigeria on The NSE as soon as commercially and legally possible and has established a management task team with the responsibility to guide the company towards a listing. At present, MTN Nigeria is targeting that the listing takes place during 2017, subject to suitable market conditions,” the statement added.

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