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MTN Ghana gets approval to buy back shares from IPO subscribers who left insufficient details

Tuesday 26 January 2021 | 10:59 CET | News
MTN Ghana says it has received approval from the Securities and Exchange Commission (SEC) to buy back over 1 million shares from applicants who failed to provide sufficient personal information to complete their Know Your Customer (KYC) requirements under its Initial Public Offer. Shareholders at an Extraordinary General Meeting (EGM) on 03 December 2020 passed a motion to let MTN Ghana buy back the stock at the IPO price of GHS 0.75.

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Categories: Mobile & Wireless
Companies: MTN Ghana
Countries: Ghana
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Related Info

MTN Ghana postpones implementation of mobile money ID requirement
21 Jan | Ghana | News
MTN Ghana calls EGM for 03 December to approve buy-back of more than 1 mln shares
19 Nov 2020 | Ghana | News
MTN Ghana raises GHC 1.1 bln in IPO
31 Aug 2018 | Ghana | News

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