The Securities and Exchange Commission has said that it has approved MTN Nigeria’s application to list on the Nigerian Stock Exchange by way of introduction.
She said that the company has successfully completed the registration of 20,354,513,050 ordinary shares of N0.02 each with the commission.SEC recently said that it received an application from MTN requesting registration of their existing securities. “SEC is committed to work with them, when they list by way of introduction naturally it will translate to public offering by and large.
Omordion said that MTN Nigeria July target for listing would be feasible with the approval, noting that the listing might be concluded before the target date. “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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