The two-month offer period ended on Tuesday, 31^st July 2018. Following the closure of the IPO, the applications received are currently being reviewed and collated for allotments to commence.

MTN Ghana will make announcements in accordance with applicable regulations after applicable corporate and regulatory approvals. Listing and trading on the Ghana Stock Exchange is expected to begin on 5th September 2018.

Commenting on the closure of the IPO, the CEO of MTN Ghana, Mr. Selorm Adadevoh said, “We are happy about the uptake of shares by a broad number  of Ghanaians who took advantage of the various avenues provided, especially the MoMo Service to apply for shares. I am particularly excited about the fact that the MoMo Service paved the way for people in urban and rural communities to apply for shares”.

Selorm Adadevoh expressed his appreciation to Ghanaians for showing interest in owning a part of MTN Ghana, and assured all prospective shareholders of the company’s commitment to work closely with them.

MTN Ghana’s IPO, which is set to be the largest IPO on the Ghana Stock Exchange, will significantly increase the Ghana Stock Exchange’s market capitalization as well as increasing activity within Ghana’s capital markets. This IPO is indicative of MTN Group’s commitment to Ghana and its long-term confidence in Ghana’s economic prospects.

About MTN Ghana

MTN Ghana is the market leader in the increasingly competitive mobile telecommunications industry in Ghana, offering subscribers a range of exciting options under Pay Monthly and Pay As You Go Services. The company has committed itself to delivering reliable and innovative services that provide value for subscribers in Ghana’s telecommunications market. Since its entry into Ghana in 2006, MTN has continuously invested in expanding and modernizing its network in order to offer superior services to a broad expanse of the nation.