Finance
MTN Nigeria offers 1 for 20 bonus shares to shareholders
MTN Nigeria Plc has announced the allotment of bonus shares to qualified shareholders who participated in the December 2021 public offer. According to MTN “the qualification date for the allotment of the bonus share is 31st January 2023 and only shareholders who meet certain conditions will be allotted the approved bonus.
“These include shareholders who: purchased and were allotted at least 20 ordinary shares of the offer; hold some or all the shares allotted at the offer as of the qualification date of 31 January 2023 but subject to holding at least 20 ordinary shares; have their names in the register of members as of the qualification date.” It said that each shareholder is expected to get one (1) ordinary share for every twenty (20) ordinary shares purchased and allotted, up to a maximum of 250 ordinary shares. The qualified shareholder’s bonus shares will be credited to their CSCS accounts after the qualification date.
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