Airtel To List Delayed Shares On NSE July 8

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The NSE had postponed Airtel Africa’s cross-border secondary listing so that the telecoms company satisfy all the post NSE approval pre-requisites

Nigeria’s third largest mobile telecom operator, Airtel Africa has announced plans to list its shares on the Nigerian Stock Exchange on Monday, July 8, 2019, after the exchange postponed the listing earlier scheduled for Friday.

The NSE said the secondary listing of Airtel Africa’s cross-border listing of 3.76 billion shares planned for Friday, had been postponed to ensure the telecoms company satisfy all the post NSE approval pre-requisites for listing on NSE.The exchange explained that it allowed the telecoms company to go ahead with an investor presentation on Friday as earlier scheduled.

Airtel last week offered shares of its African unit on the London Stock Exchange, through an initial public offer.

 

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