Airtel Africa to list 3.7bn shares on Tuesday, says NSE
Motolani Oseni
The Nigerian Stock Exchange (NSE) has said Airtel Africa will be listing its 3.7 billion shares on The Exchange tomorrow Tuesday 9th, 2019.
The Head, Corporate Communications, NSE, Mr. Olumide Orojimi in a statement on Sunday said, the bourse is aware of various media reports stating that the postponed Airtel Africa listing on NSE is for Monday, July 8, 2019.
“Please be informed that the official date for the listing is Tuesday, July 9, 2019.”
The management of NSE had announced that the planned cross border secondary listing of 3,758,151,504 ordinary shares of Airtel Africa Plc has been postponed from Friday’s scheduled listing.
The bourse in a statement on Friday morning said the postponement was necessitated by the need to ensure that the Company meets all the post NSE approval pre-requisites.
The Exchange on Thursday had said it granted waiver to Airtel Nigeria despite its inability to attract up to 300 institutional investors which is a minimum pre-listing requirement needed to be met before it becomes listed.
The telecom giant could only attract 130 institutional and high net worth investors as shareholders.
The NSE management at a pre-listing media interactive session said Airtel Nigeria disclosed that it would be listing 39, 227,968 ordinary shares of 60 cents at N363 per share, preparatory to the main listing session on the NSE tomorrow. The total value of the listing is N1,354,208,995,952.
