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HomeTop NewsAirtel Africa Now To List Shares On NSE On July 8~ Officials

Airtel Africa Now To List Shares On NSE On July 8~ Officials

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Airtel Africa is expected to list its shares on the Nigerian Stock Exchange (NSE) on Monday, July 8, sources familiar with the process disclosed.
The shares of the telecoms firm were earlier scheduled to be listed on the NSE on Friday, July 5, but was postponed for lack of regulatory approval.

Airtel1

According to a statement from the NSE on Friday, the listing of 3,758,151,504 ordinary shares of the telecoms firm at 363 naira per share was shifted due to the need to ensure that the company meets all pst listing approval.
“The cross border secondary listing of 3,758,151,504 ordinary shares of Airtel Africa Plc has been postponed from the scheduled date of Friday, July 5, 2019,” The NSE said in a statement on Friday.
“This postponement was necessitated by the need to ensure that the company meets all the post NSE approval pre-requisites for listing on the NSE.
“However, the facts before the listing event will hold as planned at 11.00 a.m. on Friday, July 5, 2019.”
Airtel, when listed, will become the second telecoms firm to be listed on the local bourse following the listing of MTN Nigeria shares on the NSE in May.

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