Airtel Lists 3.7 Billion Ordinary Shares on NSE Main Board
Airtel Africa Plc, on Tuesday listed 3,758,151,504 ordinary shares on the main board of the Nigerian Stock Exchange (NSE).
According to the NSE, the shares were listed at an offer price of N363 per ordinary share on the Main Board of The Exchange and at 80 pence per ordinary share on the main market of the London Stock Exchange, the primary listing exchange.
A statement released by NSE states, “It added that the listing of the company’s shares added N1.36 trillion to the total market capitalisation of the Exchange, further deepening the market. It will also increase the visibility of Airtel Africa to investors on the continent and across the globe.”
Commenting on the listing, Oscar N. Onyema, OON, Chief Executive Officer, NSE, commended Airtel Africa Plc for taking the bold step to list on the Exchange. “Listing on the Exchange reaffirms Airtel Africa’s long-term commitment to expanding opportunities and providing everyday services to Africans and Nigerians in particular.
It also indicates the firm’s belief that our platform, which has a total market capitalization of N25.20Tn across various asset classes, remains a veritable avenue for raising capital and enabling sustainable national growth. This listing serves to deepen the telecoms and technology sector for investors and provides an opportunity for a wider group of Nigerians to be part of the African telecoms growth story.”
The Chief Executive Officer, Airtel Africa, Mr Raghunath Mandava, said the company was delighted to be listed on the main board of the Exchange.
He said, “This is an exciting time for Airtel Africa in the 14 countries it operates in and an important milestone in our development as a leading provider of telecommunications and mobile money services in Africa.”
The Chief Executive Officer/Managing Director, Airtel Nigeria, Mr Segun Ogunsanya, said the company remained committed to building a leadership position in the country, describing Nigeria as a great place for business.
He noted that investors had been interested to hear the company’s story to invest in the business and share the future with them.
Airtel Africa, a leading provider of telecommunications and mobile money services, is the holding company of Airtel Networks Limited (Airtel Nigeria) and thirteen (13) other subsidiaries in Africa – Airtel Congo S.A., Airtel Gabon S.A., Celtel Niger S.A., Airtel Congo RDC S.A. (DRC). Airtel Tanzania Plc, Airtel Networks Zambia Plc, Airtel Networks Kenya Limited, Airtel Tchad S.A., Airtel Madagascar S.A, Airtel Malawi Limited, Airtel Rwanda Limited, Airtel Uganda Limited and Airtel (Seychelles) Limited.
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