MTN Nigeria Cancels 7.5 Billion Unissued Shares

MTN Nigeria has announced that they are going to be cancelling 7.5 Billion unissued shares.

MTN Nigeria has disclosed that they have approved the cancellation of 7.5 Billion unissued shares.

That for the purpose of implementing the cancellation of the company’s shares and alteration of the company’s Memorandum of Understanding and Articles of Association, the Board is hereby authorised to execute all relevant documents, take all the lawful steps as may be necessary, supplementary, consequential or incidental for the purpose of giving effect to the above resolutions, including but not limited to engaging professional advisers to make and comply with any directive, which any regulatory agency or body may deem fit to impose or approve.

A Public Disclosure by MTN

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