Following the Series 1 MTNN offer (“the offer’’) for sale of 575 million ordinary shares by the way of bookbuild to institutional investors and fixed offer price to retail Investors at N169 each.

This is to inform the general public that though the offer is closed, however reconciliation is ongoing.

The offer was supported through multiple channels - Receiving Agents, Issuing Houses and Primary Offer (a digital application platform).

Over the years, Coronation Registrars has proven effectiveness in building relationship with its client. As registrars to MTNN, we received returns from agents, generated the offer reports and ensured reconciliation was done to the funds received in the Bank statements and reports made to the Financial Advisers Chapel Hill.

The public offer is in line with MTN Groups commitment to reduce its shareholding in Nigeria from 78% to 65% overtime. The Public offer was for the first time digital and facilitated by NGX offers platform. They were five investment banks/issuing houses mandated to sell which were Chapel Hill Denham (the led), Rand Merchant Bank, Renaissance Capital, Vetiva and Stanbic.

Please be informed that for successful and complete reconciliation on shareholder accounts, kindly see table below and follow the link as applicable.

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