MTN Ghana gets approval to buy back shares from IPO subscribers

27 Jan 2021

MTN Ghana has received approval from the Securities and Exchange Commission (SEC) to buy back over one million shares from applicants who failed to provide sufficient personal information to complete their Know Your Customer (KYC) requirements under the company’s IPO in 2018, reports Ghana Business News. In a statement, MTN said such applicants would receive a refund at the original IPO price of GHS0.75 (USD0.13) per share, as well as any dividends accrued since the listing. Applicants who did not provide sufficient KYC information have been requested to check the status of their account to update their records and upload a copy of their valid ID card before 23 February 2021.

Ghana, MTN Ghana