MTN Nigeria has changed its
status from a private company to a public liability company (PLC) ahead of its
listing on the Nigerian Stock Exchange.
This conversion is one of the
requirements for listing on the bourse.
Speaking on the conversion, Fredi
Moolman, MTN CEO, said: “Our conversion to a Plc is a major step towards
listing by introduction on the Nigerian Stock Exchange in the first half of
2019.
“It is a reaffirmation of our
long-term commitment to expanding investment opportunities for Nigerians, in
addition to providing everyday services to them. We look forward to continuing
our engagement with the SEC and NSE to take forward the listing process.”
More to follow…
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