Namibia Telco MTC To List On Country's Stocks Exchange
Muhammad Irfan Published August 20, 2021 | 05:40 PM
WINDHOEK, (UrduPoint / Pakistan Point News - 20th Aug, 2021 ) :Namibia's largest telecommunications company, MTC, said on Friday that its application for Primary listing on the main board of the Namibian Stock Exchange (NSX) has been approved.
This is the largest proposed listing by a Namibian company since the establishment of the NSX.
According to MTC Chief Human Capital and Corporate Affairs Officer Tim Ekandjo, 49 percent of the ordinary shares in MTC will be made available to the general public during the public offer, with Namibia Post and Telecommunications Holdings Limited retaining a minimum of 51 percent of MTC post-listing.
He said it is anticipated that the prospectus will open on Sept. 20 and that MTC will be listed before the end of November 2021.
"We take great pleasure to invite you to share in the prosperity by subscribing for shares in this truly Namibian company," Ekandjo said. "The listing will provide an opportunity for all MTC customers, staff, stakeholders, and the public, in general, to acquire MTC shares and participate in the ownership of MTC."With the listing, MTC will become the first state-owned enterprise to list on the NSX.
Related Topics
Recent Stories
Robinson, bowlers help New Zealand go 2-1 up against Pakistan
Shahzeb Chachar to hold khuli kachehri on April 26
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
Tourism must change, mayor says as Venice launches entry fee
Court adjourns Judicial Complex attack case till May 17
Nasreen Noori’s book ‘Popatan Jahra Khwab’ launched
Wafaqi Mohtasib inspection team visits Excise and taxation office
AJLAC announces 5th Conference titled ‘People’s Mandate: Safeguarding Civil ..
Pak-US officials engage to enhance trade, investment ties
IBCC to promote educational excellence, expand regional presence
Pakistani 'Blue Helmets' serving UN Peacekeeping Mission in DR Congo set to leav ..
Putin says plans to visit China in May
More Stories From Miscellaneous
-
PDMA predicts gusty wind, rain with thunder, hails
2 days ago -
Iranian president Raisi given guard of honour at PM House
4 days ago -
Intellectuals, writers accolades Naseer Mirza on his literary contribution
4 days ago -
Bahawalpur Adabi Sangat hosts memorable mushaira
5 days ago -
Cattle farming vital to alleviate poverty in rural areas
5 days ago -
Pakistan: A land of tourism, archeological wonders
5 days ago
-
Transforming education sector: from job hunters to job creators
7 days ago -
Amjad Bobby remembered on 19th death anniversary for timeless contributions to music
11 days ago -
Legendary actor Nadeem’s 26 films released on Eid-ul-Fitr days in 50 years
11 days ago -
Besant Hall Cultural Centre to celebrate evening with Sanam Marvi on 26 April
12 days ago -
Radio Bahawalpur presents program “Eidi Shidi”
15 days ago -
Radio Bahawalpur to broadcast Eid programs
17 days ago