MTN GROUP LIMITED - MTN GHANA SUCCESSFULLY COMPLETES ITS INITIAL PUBLIC OFFER (IPO)

Release Date: 30/08/2018 16:25
Code(s): MTN
 
Wrap Text
MTN GHANA SUCCESSFULLY COMPLETES ITS INITIAL PUBLIC OFFER (IPO)

MTN Group Limited
(Incorporated in the Republic of South Africa)
Registration Number 1994/009584/06
Share code: MTN
ISIN: ZAE000042164
("MTN Group" or “the group”)

MTN GHANA SUCCESSFULLY COMPLETES ITS INITIAL PUBLIC OFFER (IPO)

Shareholders are advised of the successful completion of MTN Ghana’s IPO. An amount of GHS
1,146,589,464.75 (an equivalent of approximately USD 238,5 million at the current exchange rate,
prior to costs as detailed in the prospectus) was raised from 128,152 applicants making this the largest
primary share offer on the Ghana Stock Exchange (GSE). A total of 108,434 applicants subscribed
through the MTN Mobile Money portal representing 84.6% of the number of applicants. Post the IPO,
MTN Group’s shareholding in MTN Ghana will be 85.40%.


The Offer consisted of:

    a) a public offer of up to 4,637,394,533 ordinary shares of MTN Ghana valued at GHS
       3,478,045,900 at an Offer price of GHS 0.75 per share (the “Offer Shares”), representing up
       to 35% of the issued shares of MTN Ghana after the offer, to Qualifying Applicants (as defined
       in the Prospectus); and

    b) a listing of all the Offer Shares and the already issued 10,760,000,000 ordinary shares of MTN
       Ghana on the GSE.


IC Securities (Ghana) Limited acted as Financial Adviser and Sponsoring Broker to MTN Ghana in
respect of the IPO.


IPO statistics by investor type (Retail and Institutional):

 Applicant Type           Number of Applicants      No. of Shares       Amount (GHS)      % of Amount Raised
 Institutional                    499               1,367,386,080      1,025,539,560.00         89.44%

 Retail                         127,653              163,088,280        121,049,904.75          10.56%
 TOTAL                          128,152             1,530,474,360      1,146,589,464.75        100.00%



Breakdown of local investors and foreign investors

 Applicant Type           Number of Applicants     No. of Shares       Amount (GHS)       % of Amount Raised

 Ghanaian                     127,826             593,040,280        443,631,446.25            38.69%

 Non-Ghanaian                     326             937,434,080        702,958,018.50            61.31%
 TOTAL                         128,152           1,530,474,360      1,146,589,464.75            100%




Fairland
30 August 2018
Sponsor
Deutsche Securities (SA) Proprietary Limited

Date: 30/08/2018 04:25:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Email this JSE Sens Item to a Friend.

Share This Story