MTN To Allots Incentive Shares To Qualified Shareholders 


MTN Nigeria Plc has announced the imminent execution of its planned allotment of incentive shares to qualified shareholders who participated in its first public offer.

This was contained in a corporate disclosure that was signed by Company Secretary Uto Ukpanah, as seen on the Nigerian Exchange Limited.

*How to qualify:* To qualify for incentive shares, shareholders must meet the following three key conditions-

• Purchase and be allotted at least 20 ordinary shares of the offer.

• Holding some or all of the shares allotted at the offer as of the qualification date of 31 January 2023 but subject to holding at least 20 ordinary shares.

• The name must appear in the register of members at the qualification date.

Qualified shareholders will have their incentive shares credited to their CSCS accounts after the qualification date and after obtaining the requisite regulatory approvals.

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