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GULU CITY WELCOMES MTN IPO TOUR TEAM & MESSAGE

Video: MoH MESSAGE ON CHILDREN & MATERNAL HEALTH

By Joel Mugabi

For the second day in a row, hundreds of people in Gulu City attended the MTN Initial Public Offer (IPO) town hall sessions that have been happening at the Acholi Inn. The Gulu town hall sessions that started on October 29 ended on October 30, and then proceeded to Kitgum and Adjumani. The IPO tour team will cross over to the West Nile districts of Nebbi, Arua, Koboko and Moyo next week.

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Two town hall sessions were successfully held in the same venue on October 29, with many attendees turning up for the educative sessions aimed at equipping them with the necessary information to ensure a massive local participation of Ugandans in MTN’s IPO.

Similar IPO meetings are currently happening simultaneously in Tororo, Kyenjojo, Kiruhura, Kalisizo and Masaka. They are spearheaded by the MTN leadership team and its brokers, namely, SBG securities, Dyer and Blair and Crested Capital.

MTN and the lead broker representatives address the press in Gulu.

The Gulu MTN IPO Town hall sessions follow a series of successful similar engagements in Kampala, Wakiso, Jinja, Kamuli, Iganga, Mbarara, Apac, Lira and Fort Portal, among other towns. More Town hall sessions will be conducted by the MTN leadership team alongside its brokers from SBG securities, Crane Capital and Dyer and Blair to cover the length and breadth of the country before the IPO closes on Monday November 22, 2021.

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During one of the town halls held at Acholi Inn in Gulu City on October 29, Enid Edroma, the MTN Uganda Corporate Services General Manager, said that the massive awareness campaign seeks to reach as many Ugandans as possible to enable them participate in the ownership of the company that they have supported for the last 23 years.

“After 23 years in Uganda, having many Ugandans own stake in MTN will drive our agenda of shared growth between MTN and the people of Uganda, a country we call home. We want Ugandans of all walks of life to participate in this IPO; that way, our bond will only get stronger as our roots grow deeper in Uganda,” said Edroma, adding that the MTN IPO is also open to non-MTN customers.

Edroma further noted that with a share price of Shs200 per share and a minimum investment requirement of 500 shares, investors can become shareholders in MTN for as low as Shs100,000.

“With its fair pricing of the shares, MTN is aiming at further championing inclusion by making it possible for more Ugandans to participate in its IPO, thereby democratizing and bolstering the country’s capital markets,” Edroma said, further noting that individual investors who apply for shares using the m-IPO will get 10 bonus shares for every 100 shares.

The MTN Mobile IPO (m-IPO) is the first digital portal in Uganda that allows the public to apply for shares using their phones at their own convenience, with no costs involved in using the m-IPO platform.

MTN’s Enid Edroma conducts one of the MTN IPO sessions at Acholi Inn in Gulu city,

The introduction of the m-IPO stems from MTN’s commitment towards ensuring inclusion and accessibility of services to its customers who can simply dial *165*65# to apply for shares in the telecom using MTN Mobile Money.

In resonance with Edroma’s message, the brokers called on the people of Gulu to seek information, understand the opportunity and possible risks in the venture in order to make informed decisions. The public can access the MTN prospectus by visiting www.mtn.co.ug/investors

Beyond the m-IPO, other traditional payment channels are also available across Uganda at MTN service centres, Stanbic Bank, Absa Bank and Standard Chartered Bank branches.

The MTN IPO opened on Monday, October 11, 2021 and will close on Monday November 22, 2021. (For comments on this story, call, text or whatsapp us on 0705579994, 0779411734, 0200900416 or email us atmulengera2040@gmail.com).

 

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