Shareholder groups of MTN Nigeria have called on the management of the company and the Securities and Exchange Commission (SEC) to extend the telco giant’s Public Offer, which closed yesterday, December 14, 2021.
The investors demanded an extension of the offer, as they claim that thousands of their members were yet to subscribe to the exercise.
According to them, the method used “ the Public Offer app” is new and first of it’s kind in the Nigerian stock market, two weeks is just too short a time for an investment of that magnitude.
When Nairametrics contacted Funso Aina, the spokesperson of MTN, he said, “Extending the offer lies in the hands of SEC and MTN has not done anything about that now. When and If we do that I will let you know.”