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
-
Beyond Competence: How capacity shapes professional access and influence
8 minutes -
Chamber of Mines calls on BoG to release full breakdown of mining export proceeds
17 minutes -
We appeal to Ghanaians for patience as we replace more transformers – Energy Minister
34 minutes -
Power stability has improved since 2025 compared to 2024 – Jinapor
41 minutes -
Akosombo substation fire should never have happened – Ben Boakye
45 minutes -
Savannah region: Yazori Chief issues election boycott threat over underdevelopment concerns
50 minutes -
Backbone of economy in pain – Minority warns of collapse in worker morale
53 minutes -
Ghana Jazz Orchestra clocks in on International Jazz Day
1 hour -
M-CARE’s first steering committee meeting targets chronic and mental health care integration in Ghana
1 hour -
Bank of Ghana in 2025: Financially impaired but operationally resilient
1 hour -
Fixing Akosombo does not end dumsor; energy crisis predates incident — Miracles Aboagye
1 hour -
NAIMOS dawn operation leads to arrest of 49 suspected illegal miners after ambush on taskforce in Ahanta West
1 hour -
Energy sector woes stem from political interference, not leadership failure — Kofi Bentil
2 hours -
Communication around power outages has been ‘insincere’— Kofi Bentil
2 hours -
President Mahama breaks ground for modern 24-hour market in Asesewa
3 hours