Audio By Carbonatix
Scancom PLC, operators of MTN Ghana, has received approval from the regulator, Securities and Exchange Commission (SEC) to buy back over one million shares.
Shareholders of MTN Ghana at an Extraordinary General Meeting (EGM) held on December 3, 2020, gave the company the approval to buy back shares of applicants with incomplete personal information at the IPO price of GH¢0.75.
This means that all such applicants will receive a refund of their initial purchasing money and dividends accrued since the IPO.
The telecom giant said, "Applicants who did not provide sufficient KYC information can check the status of their account by visiting www.mtnghanashares.com to update their records and upload a copy of their valid ID card."
Before the buyback commences, MTN Ghana has made a final appeal to shareholders to take advantage of the notice period to complete all outstanding account information.
The notice period ends on February 23, 2021.
Latest Stories
-
Trade Minister applauds GUTA as a pillar of economic growth; Prez Mahama honoured
2 minutes -
President’s brother’s takeover of Damang Mines is ‘untidy’ – Alhassan Tampuli
8 minutes -
It’s not true that gov’t decided not to renew the lease for Gold Fields – Bobby Banson
12 minutes -
Ghana to boost tomato production with 60-hectare irrigated farms and processing initiatives
31 minutes -
E&P’s takeover process of Damang Mines was very clean – Inusah Fuseini
34 minutes -
Damang takeover: There is not going to be any job loss; it is a lease change – Bobby Banson
1 hour -
Gold Fields didn’t stop mining at Damang mines; such claims are untrue – Bobby Banson
1 hour -
Engineers and Planners currently operate only in Ghana – Bright Simons
1 hour -
Lands Minister has no legal basis to restrict lease to Ghanaian firms – Bright Simons
1 hour -
Gov’t’s refusal to renew Gold Fields’ lease was simply untenable – Bright Simons
1 hour -
SOS Children’s Villages Ghana deepens partnership with Gender Ministry
2 hours -
Gender Ministry celebrates Christina Koch, reaffirms commitment to empowering girls
2 hours -
Live stream: Newsfile digs into E&P’s takeover of Damang Mines, OSP powers and Anti-LGBTQ Bill
2 hours -
Moody’s maintains Ghana’s rating at Caa1, revises outlook to positive
3 hours -
Zambia elevates tourism education to national priority as President Hichilema backs continental summit
4 hours