The Board Chairman of MTN Ghana, Ishmael Yamson, has given firm assurances to shareholders that they will not lose any value or income following the company’s planned restructuring of its mobile money business, MobileMoney Limited (MML), in compliance with Ghana’s Payment Systems and Services Act of 2019.

Speaking at an Extraordinary General Meeting in Accra on Wednesday (May 21, 2025), Mr Yamson explained that the process, which involves transferring MML into a new Ghanaian company currently referred to as New FinCo, is designed to protect shareholder interests and meet regulatory demands.

“You will still own your Scancom PLC shares,” he said. “You also now have a valid interest in the New FinCo through the trust. You will receive dividends and voting rights through the trust when you buy our shares, Scancom PLC shares... You will not lose any value.”

He reiterated that the structure ensures shareholders’ economic interest in the mobile money business will be preserved throughout the transition and eventually converted into direct equity when New FinCo is listed on the Ghana Stock Exchange.

“This process is designed to protect shareholder value and give the business time to mature before it is listed,” he added, noting that the restructuring will be tax-neutral, with costs shared among MTN Group, Scancom PLC, and the Momo business.

The new arrangement will see the creation of a trust to hold shares in New FinCo on behalf of minority shareholders, aligning with the existing ownership structure of Scancom PLC. Once completed, MML will cease to exist as an entity, with all its operations and assets rolled into the new company.

“This change is good for the future of our business and your investment,” Mr Yamson told shareholders. “It will liberate MML to grow faster, compete better, and attract the right skills to thrive in a digital future.”

While no resolution was passed at the meeting, shareholders were briefed on the steps ahead, with management promising continued engagement as the process moves forward.