Encomium
The MTN delegation was warmly received by the people of Delta State as they arrived at the state’s capital for the investors and stakeholders engagement event, which is part of its nationwide roadshow.
The event drew various stakeholders in Delta State, including the Asagba of Asaba, Obi, Professor Chike Edozien, who was represented by Chief Felix Ofia and the Dein of Agbor, Chief Benjamin Ogbu.
Speaking at the event, the Chief Compliance Officer, MTN Nigeria, Cyril Ilok, gave an overview of the purpose of the public offer as the MTN Group’s effort to give more Nigerians an opportunity to own a stake in the company.
Ilok stressed that becoming a shareholder in the company was a unique opportunity to be a part of the good work it does. He highlighted the company’s contribution to the economy and its corporate social investment efforts, noting that MTN has paid a total of N2.9trillion in taxes since it was launched in Nigeria, invested N22.7 billion through the MTN foundation and has committed N27 Billion through Y’ello Hope Initiative to support stakeholders in the fight against COVID-19.
The General Manager, Finance Business, MTN Nigeria, Stephen Akinola, gave the financial analysis of the firm and expressed confidence in its continuity. According to him, the company’s growth target is a continuous one.
The 575 million shares offered to be sold by the MTN Group are available for sale on the Primary Offer app at N169 per share at a minimum purchase of 20 units.
