MTN 201808300051A
MTN GHANA SUCCESSFULLY COMPLETES ITS INITIAL PUBLIC OFFER (IPO)
MTN Group Limited
(Incorporated in the Republic of South Africa)
Registration Number 1994/009584/06
Share code: MTN
ISIN: ZAE000042164
("MTN Group" or “the group”)
MTN GHANA SUCCESSFULLY COMPLETES ITS INITIAL PUBLIC OFFER (IPO)
Shareholders are advised of the successful completion of MTN Ghana’s IPO. An amount of GHS
1,146,589,464.75 (an equivalent of approximately USD 238,5 million at the current exchange rate,
prior to costs as detailed in the prospectus) was raised from 128,152 applicants making this the largest
primary share offer on the Ghana Stock Exchange (GSE). A total of 108,434 applicants subscribed
through the MTN Mobile Money portal representing 84.6% of the number of applicants. Post the IPO,
MTN Group’s shareholding in MTN Ghana will be 85.40%.
The Offer consisted of:
a) a public offer of up to 4,637,394,533 ordinary shares of MTN Ghana valued at GHS
3,478,045,900 at an Offer price of GHS 0.75 per share (the “Offer Shares”), representing up
to 35% of the issued shares of MTN Ghana after the offer, to Qualifying Applicants (as defined
in the Prospectus); and
b) a listing of all the Offer Shares and the already issued 10,760,000,000 ordinary shares of MTN
Ghana on the GSE.
IC Securities (Ghana) Limited acted as Financial Adviser and Sponsoring Broker to MTN Ghana in
respect of the IPO.
IPO statistics by investor type (Retail and Institutional):
Applicant Type Number of Applicants No. of Shares Amount (GHS) % of Amount Raised
Institutional 499 1,367,386,080 1,025,539,560.00 89.44%
Retail 127,653 163,088,280 121,049,904.75 10.56%
TOTAL 128,152 1,530,474,360 1,146,589,464.75 100.00%
Breakdown of local investors and foreign investors
Applicant Type Number of Applicants No. of Shares Amount (GHS) % of Amount Raised
Ghanaian 127,826 593,040,280 443,631,446.25 38.69%
Non-Ghanaian 326 937,434,080 702,958,018.50 61.31%
TOTAL 128,152 1,530,474,360 1,146,589,464.75 100%
Fairland
30 August 2018
Sponsor
Deutsche Securities (SA) Proprietary Limited
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