What MTN’s Shares Mean In Layman’s Terms And How To Take Advantage 

MTN Group has announced that it will be selling up to 575 million shares in MTN Nigeria in the first phase of a series of offers.

MTN Group owns approximately 78.83% of MTN Nigeria. This public sale begins the process to reduce its shareholding to 65% over time. What this means is that ordinary Nigerians can buy from the shares that are being progressively  put on the market and be a shareholder.

This offer is expected to give as many Nigerians as possible the opportunity to own shares in MTN Nigeria and maximise participation from local retail investors.

Since it began operation in Nigeria 20 years ago, MTN has had a track record of providing optimum satisfaction for the country’s market. This has in turn generated success both for the group and also consumers.

This offer is an opportunity for Nigerians to be part of the success story of MTN and also represents the company’s intention to sustain positive relationships with shareholders.

It is also an indication of a long-term partnership between MTN and Nigerians.

To purchase the shares on the digital platform, a Bank Verification Number is needed and the whole process can be completed on a smartphone.

A share costs ₦169 and the minimum number of shares one can purchase is 20. Therefore, the minimum amount one can pay to be a shareholder is ₦3,380 which is not inclusive of bank charges.

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According to MTN, “the minimum application is 20 shares and multiples of 20 shares thereafter, so 20, 40, 60, 80, 100, 120…etc.  There is no maximum, however, the amount of shares allotted will be within the offer size of up to 575,000,000 ordinary shares.”

Through the Primary Offer App, one can make the purchase by creating an account and then logging in. After selecting MTN Nigeria Offer, one will be able to complete the process which requires the provision of a BVN.

One can create a Central Securities Clearing System (CSCS) account or submit an existing one. A CSCS is a financial infrastructure where shares are domiciled.

After making payment, one will receive a confirmation message. After approval by the SEC, the shares will be allotted in less than 15 days.