28 C
Accra
Wednesday, April 14, 2021
No menu items!

MTN Ghana gets approval to buy back shares

Must Read

Court convicts Akuapem Poloo for nude photo with son

Ghanaian Actress, Rosemond Brown, popularly known as Akuapem Poloo has been convicted, remanded into custody to undergo a pregnancy...

Fire ravages Techiman Central Market

Fire yesterday ravaged parts of the Techiman Central Market in the Bono East Regional Capital destroying property worth millions...

Ga queen mother returns after 5-year absence

The longest-serving Paramount Queen of the Ga State, Naa Deidei Omaadro III, yesterday touched down from a Delta Airline...

MTN Ghana has received approval from the Securities and Exchange Commission (SEC) to buy back more than one million shares of applicants, who failed to provide sufficient personal information to complete their Know Your Customer, KYC requirements under the Company’s Initial Public Offer, IPO.

It will be recalled that shareholders of MTN Ghana at an Extraordinary General Meeting last year, gave the Company the approval to buy back shares of applicants with incomplete personal information at the IPO price of 0.75 pesewas.

A statement issued by the Acting Corporate Services Executive of MTN, Robert Kuzoe, said with the approval, all such applicants will receive a refund of their initial purchasing money and dividends accrued since the IPO.

It said applicants, who did not provide sufficient KYC information could check the status of their account by visiting MTN’s website to update their records and upload a copy of their valid ID card.

The statement said before the buyback commences, MTN Ghana is making a final appeal to shareholders to take advantage of the notice period to complete all outstanding account information. The notice period ends on 23rd February 2021.

SourceGNA

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Court convicts Akuapem Poloo for nude photo with son

Ghanaian Actress, Rosemond Brown, popularly known as Akuapem Poloo has been convicted, remanded into custody to undergo a pregnancy...

Fire ravages Techiman Central Market

Fire yesterday ravaged parts of the Techiman Central Market in the Bono East Regional Capital destroying property worth millions of Ghana Cedis. It took Firefighters...

Ga queen mother returns after 5-year absence

The longest-serving Paramount Queen of the Ga State, Naa Deidei Omaadro III, yesterday touched down from a Delta Airline flight from the US to...

Ghana’s fiscal deficit of GDP in 2020 was 16.0%, not 11.7% – IMF

The International Monetary Fund has contradicted government’s fiscal deficit of Gross Domestic Product, GDP claim of 11.7% achieved in 2020, as its data shows...

Daunte Wright shooting: Police resignations fail to ease unrest over death

The resignations of a police chief and of an officer who shot dead a black motorist in Minnesota have failed to end unrest over...

More Articles Like This