25/11/2021
Dear Investor,
CHARTWELL SECURITIES LIMITED is pleased to invite you to participate in the MTN Nigeria Communications Plc's ("MTN Nigeria" or ''the Company") offer for sale of up to 575 million shares held by MTN International (Mauritius) Limited (the "Offer"), by way of a bookbuild to Qualified Investors (the "Retail Offer"). The Retail Offer is scheduled to commence on Monday, November 29, 2021.
MTN Nigeria is one of Africa's largest providers of communications services, connecting approximately 68 million people in communities across the country with each other and the world. The Company is the largest mobile operator and undisputed market leader in Nigeria as measured by total mobile subscribers (c.68 million), and active data users (c. 32.5 million). MTN Nigeria is well positioned for the long term given its robust financial profile alongside its unmatched investments in its infrastructure - most expansive 2G, 3G, and 4G network, largest fibre network (c. 30,000km) spanning across Nigeria, largest physical and digital distribution platform, and wide range of spectrum holdings - coupled with the exciting Nigerian market opportunity.
Summary of the indicative terms of the Institutional Offer is indicated below:
Securities Offered ï‚§ Up to 575,000,000 (Five Hundred and Seventy-Five Million) Ordinary Shares in MTN Nigeria Communications PLC
Selling Shareholder ï‚§ MTN International (Mauritius) Limited ("MTNI")
Mode of Offer ï‚§ Offer for Sale
Retail Offer (Bookbuild) ï‚§ The Bookbuild is for a minimum of 10% of the 575,000,000 shares offered (Offer Shares), while up to 90% of the Offer Shares will be offered to retail investors (Retail Offer) at a fixed price.
ï‚§ In the event of an under-subscription of the Retail Offer, Qualified Investors who submit bids at or above the Clearing Price will be allotted additional shares from the Retail Offer.
Price Range ï‚§ ------- per share
Stockbroker ï‚§ Chartwell Securities Limited
Bookbuild Opens ï‚§ 12:00 noon on Tuesday, November 23, 2021
Bookbuild Closes ï‚§ on November .. , 2021
Minimum Application ï‚§ Minimum of 20 shares and multiples of 20 shares thereafter
Incentive ï‚§ 1 free share for every 20 shares purchased and allotted, up to a maximum of 250 shares per investor (T&Cs apply)
Status ï‚§ The issued and fully paid shares of MTN Nigeria, including the Offer Shares are listed on NGX
Application ï‚§ ONLY by invitation of the Bookrunners
The supporting Offer documents can be accessed via the MTN Offer link for your review and consideration:
1. Shelf Prospectus
2. Pricing Supplement
3. Commitment Form (An electronic copy of the Form of Commitment can also be completed at: https://primaryofferng.com/bookbuild/)
4. High Net Worth Individual Confirmation Form
Please do not hesitate to contact us on09093593411/Email [email protected] or walk in into our office @ 13, CIPM Avenue, CBD Alausa, Ikeja Lagos state. should you require clarification or further information.