Telecom giant MTN Uganda Limited has listed \u00a022.4\u00a0billion ordinary shares on the Uganda Securities Exchange (USE), with trading commencing immediately.<\/p>\n\n\n\n
The listing was approved by the Capital Markets Authority in Uganda and the USE. It follows the successful completion of the largest initial public offering in Uganda\u2019s history, raising a record UGX535 billion from applications for 2.9 billion shares (including incentive shares).<\/p>\n\n\n\n
\u201cWe are delighted with the successful completion of the offer. It clearly shows the confidence that Ugandans and other investors have in the company, its brand and its strategic intent,\u201d <\/em>said MTN Uganda Chairman Mr. Charles Mbire.<\/em><\/p>\n\n\n\n \u201cWe commend all the regulators for their support in our work to become a USE-listed company and to comply in a timely manner with the listing provisions of the national telecommunications operators\u2019 licence,<\/em>\u201d he added.<\/p>\n\n\n\n MTN Uganda CEO Wim Vanhelleputte was also in a celebratory mood: \u201cToday marks the conclusion of a remarkable journey which has given over 20 000 Ugandans the opportunity to become owners of MTN Uganda.\u201d<\/em><\/p>\n\n\n\n \u201cWe are particularly proud of our digital m-IPO collaboration with the USE, an African first. More than 93% of the applications were made via the m-IPO platform, with the majority of these investors new market participants,\u201d <\/em>he added.<\/p>\n\n\n\n The listing allows Ugandans to own part of the company with MTN Group reducing its ownership in MTN Uganda from 96% to 83.05%. It is in line with MTN Group\u2019s strategic priority to create shared value, partly through ensuring broad-based ownership in all operating subsidiaries. This aligns with the Ugandan Communications Commission\u2019s new licensing requirement for broad-based ownership by Ugandans, with a compliance deadline of mid-2022.<\/p>\n\n\n\n \u201cWith this listing, MTN Uganda becomes the Ugandan stock with the largest market capitalisation on the USE,\u201d<\/em> said MTN Group President and CEO Ralph Mupita. \u201cWe are very encouraged to have helped facilitate the broadest possible shareholder base in Uganda, with regional participation and in so doing, further developing the equity capital markets in this country.\u201d<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Telecom giant MTN Uganda Limited has listed \u00a022.4\u00a0billion ordinary shares on the Uganda Securities Exchange (USE), with trading commencing immediately.<\/p>\n","protected":false},"author":1,"featured_media":4751,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[24,65],"tags":[],"class_list":["post-4750","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-national-news"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2021\/12\/mtn.jpg","jetpack-related-posts":[{"id":4773,"url":"https:\/\/prowebinhost.com\/anzu\/ugandan-tycoon-charles-mbire-delighted-with-mtn-listing-on-the-uganda-securities-exchange-as-his-net-worth-is-set-to-go-up\/","url_meta":{"origin":4750,"position":0},"title":"UGANDAN TYCOON CHARLES MBIRE DELIGHTED WITH MTN LISTING ON THE UGANDA SECURITIES EXCHANGE AS HIS NET WORTH IS SET TO GO UP","author":"UgandaUpdate","date":"December 10, 2021","format":false,"excerpt":"Uganda tycoon Charles Magezi Mbire is a happy man following the successful listing of MTN Uganda Ltd on the Uganda stock exchange . Mbire is one of the biggest shareholders in the telecom giant now boasting of a subscribers base of 11 million Ugandans connected on the network . \u201cWe\u2026","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/prowebinhost.com\/anzu\/category\/national-news\/business-national-news\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4760,"url":"https:\/\/prowebinhost.com\/anzu\/ict-minister-dr-baryomunsi-officiates-at-mtn-listing-of-shares-on-the-uganda-securities-exchangetells-telecom-companies-lower-internet-charges\/","url_meta":{"origin":4750,"position":1},"title":"ICT MINISTER DR.BARYOMUNSI OFFICIATES AT MTN LISTING OF SHARES ON THE UGANDA SECURITIES EXCHANGE,TELLS TELECOM COMPANIES LOWER INTERNET CHARGES","author":"UgandaUpdate","date":"December 8, 2021","format":false,"excerpt":"The ICT and National Guidance Minister , Dr. Chris Baryomunsi has urged telecommunication companies and the Uganda Communications Commission to make Internet services cheaper for Ugandans. Speaking at the listing of the MTN Uganda limited on the Uganda Securities Exchange, Dr. Baryomunsi said the high cost of internet remains a\u2026","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/prowebinhost.com\/anzu\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2021\/12\/baryo.jpg","width":350,"height":200,"srcset":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2021\/12\/baryo.jpg 1x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2021\/12\/baryo.jpg 1.5x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2021\/12\/baryo.jpg 2x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2021\/12\/baryo.jpg 3x"},"classes":[]},{"id":4336,"url":"https:\/\/prowebinhost.com\/anzu\/ugandans-rush-for-mtn-uganda-ipo-shares-as-telecom-company-sets-up-new-m-ipo-subscription-channel\/","url_meta":{"origin":4750,"position":2},"title":"Ugandans rush for MTN Uganda IPO shares as Telecom company sets up new m-IPO subscription channel","author":"UgandaUpdate","date":"October 21, 2021","format":false,"excerpt":"Excited Ugandans have rushed for the MTN Uganda Limited shares as the telecom giants announced the opening of its initial public offer (IPO) of 20% of its ordinary shares, following approvals by the Capital Markets Authority of Uganda (CMA) and the Uganda Securities Exchange (USE). The secondary sale of 4.4\u2026","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/prowebinhost.com\/anzu\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2021\/10\/Uganda_Telecommunications_MTN_Uganda_Named_Top_Taxpayer_by_President_Museveni.jpg","width":350,"height":200,"srcset":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2021\/10\/Uganda_Telecommunications_MTN_Uganda_Named_Top_Taxpayer_by_President_Museveni.jpg 1x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2021\/10\/Uganda_Telecommunications_MTN_Uganda_Named_Top_Taxpayer_by_President_Museveni.jpg 1.5x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2021\/10\/Uganda_Telecommunications_MTN_Uganda_Named_Top_Taxpayer_by_President_Museveni.jpg 2x"},"classes":[]},{"id":4452,"url":"https:\/\/prowebinhost.com\/anzu\/mtn-boss-vanhelleputte-answers-your-questions-about-the-mtn-ipo\/","url_meta":{"origin":4750,"position":3},"title":"MTN BOSS VANHELLEPUTTE ANSWERS YOUR QUESTIONS ABOUT THE MTN IPO","author":"UgandaUpdate","date":"November 3, 2021","format":false,"excerpt":"MTN Uganda opened its Initial Public Offer that will run until 22nd\u00a0November 2021 4pm. The are three weeks to go and the MTN Uganda Chief Executive Officer,\u00a0WIM VANHELLEPUTTE\u00a0sheds more light on the MTN IPO, responding to some of the pertinent questions from the prospective retail investors. First and foremost, how\u2026","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/prowebinhost.com\/anzu\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2021\/11\/mtn-boss.jpg","width":350,"height":200},"classes":[]},{"id":5775,"url":"https:\/\/prowebinhost.com\/anzu\/mtn-uganda-breaks-tax-payment-record-with-ugx-800-bn-in-2021%ef%bf%bc\/","url_meta":{"origin":4750,"position":4},"title":"MTN Uganda Breaks tax payment record with UGX 800 Bn in 2021\ufffc","author":"MOSES SSERWANGA","date":"May 28, 2022","format":false,"excerpt":"South African Telecomunications giant, MTN Uganda has announced a record payment of UGX 839 billion\u00a0 as its annual\u00a0 contribution to the achievement of national fiscal and economic development goals of the government of Uganda through taxes in 2021. This revelation was made by the MTN Uganda Chairman Charles Mbire\u00a0 on\u2026","rel":"","context":"In "National Development"","block_context":{"text":"National Development","link":"https:\/\/prowebinhost.com\/anzu\/category\/national-development\/"},"img":{"alt_text":"","src":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/05\/mbi.jpg","width":350,"height":200,"srcset":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/05\/mbi.jpg 1x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/05\/mbi.jpg 1.5x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/05\/mbi.jpg 2x"},"classes":[]},{"id":4242,"url":"https:\/\/prowebinhost.com\/anzu\/mixed-feelings-as-mtn-offers-ugandans-the-largest-ipo-on-the-uganda-securities-exchange\/","url_meta":{"origin":4750,"position":5},"title":"MIXED FEELINGS AS MTN OFFERS UGANDANS THE LARGEST IPO ON THE UGANDA SECURITIES EXCHANGE","author":"UgandaUpdate","date":"October 12, 2021","format":false,"excerpt":"Considered \u00a0the largest IPO on the Ugandan market and will be delivered primarily through a digital paperless\/ green platform which is the first of its kind in East Africa.\u00a0Uganda government forced the company to list on USE in public interestThe offer and listing of MTN Uganda is in line with\u2026","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/prowebinhost.com\/anzu\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2021\/10\/0f26497be3bb4241942907888228f47b.jpg","width":350,"height":200,"srcset":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2021\/10\/0f26497be3bb4241942907888228f47b.jpg 1x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2021\/10\/0f26497be3bb4241942907888228f47b.jpg 1.5x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2021\/10\/0f26497be3bb4241942907888228f47b.jpg 2x"},"classes":[]}],"jetpack_shortlink":"https:\/\/wp.me\/pc0aOV-1eC","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/prowebinhost.com\/anzu\/wp-json\/wp\/v2\/posts\/4750","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prowebinhost.com\/anzu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prowebinhost.com\/anzu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prowebinhost.com\/anzu\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prowebinhost.com\/anzu\/wp-json\/wp\/v2\/comments?post=4750"}],"version-history":[{"count":1,"href":"https:\/\/prowebinhost.com\/anzu\/wp-json\/wp\/v2\/posts\/4750\/revisions"}],"predecessor-version":[{"id":4752,"href":"https:\/\/prowebinhost.com\/anzu\/wp-json\/wp\/v2\/posts\/4750\/revisions\/4752"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prowebinhost.com\/anzu\/wp-json\/wp\/v2\/media\/4751"}],"wp:attachment":[{"href":"https:\/\/prowebinhost.com\/anzu\/wp-json\/wp\/v2\/media?parent=4750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prowebinhost.com\/anzu\/wp-json\/wp\/v2\/categories?post=4750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prowebinhost.com\/anzu\/wp-json\/wp\/v2\/tags?post=4750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}