How to apply for MTN shares using your phone

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by BA 42 Views comments

Wim Vanhelleputte, CEO MTN Uganda announcing the MTN IPO offer opening at the Kampala Serena Hotel recently. By Our Reporter There has been a lot of excitement following the much anticipated announcement by telecom giant MTN that the public can now apply for shares which will see them own part of the company. MTN has offered 4.5billion shares to the public at only UGX200 per share with a minimum investment requirement of 500 shares equivalent to UGX100,000. The shares are acquired in lots of 500 meaning a potential investor is permitted to apply for either 500, 1000, 1500 shares and more. The telecom has furthermore democratized the share acquisition process at the Uganda Securities Exchange through introduction of the first ever mobile IPO. The platform dubbed M-IPO will enable MTN KYC compliant customers to apply for shares via mobile money in the comfort of their homes. To encourage participation in line with the company’s localization agenda of achieving broad-based Ugandan ownership, MTN has incentivized the offer for all Ugandan individuals applying for MTN Shares. The incentive entails;10 bonus shares for every 100 shares applied for using MTN MoMo via USSD or the MyMTN app and 5 bonus shares for every...

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