MTN To List Shares By Introduction, Says SEC

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The Securities and Exchange Commission (SEC), on Wednesday confirmed that it indeed received and approved an application to register shares of telecoms giant- MTN Nigeria last week.
A statement by the commission quoted Acting Director General of the SEC, Ms. Mary Uduk as saying that “MTN sought to come to the market by way of an introduction and they wrote to the SEC last week requesting for approval to register its existing shares. That approval has now been granted”.
MTN had on Tuesday announced the registration of 20.4bn ordinary shares by the SEC.
The move by MTN, according to the SEC, “is a further indication of the determination… to work with companies that are interested in the capital market.
“We believe that this will also encourage other service providers to come to the market,” the commission added.

 https://investdata.com.ng/2019/05/mtn-to-list-shares-by-introduction-says-sec/

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