Regulatory Alerts2021-10-15
CMA Approves MTN Uganda Prospectus
The Capital Markets Authority of Uganda has approved MTN Uganda's prospectus, allowing the telecommunications company to proceed with an Initial Public Offer of 4,477,808,848 shares at UGX 200 per share. This listing on the Uganda Securities Exchange aims to raise UGX 895.56 billion, marking MTN Uganda as the tenth domestic company to list on the exchange. CMA CEO Keith Kalyegira highlighted the strategic financing benefits for the company while urging investors to review the prospectus and seek professional advice before participating.
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