MTN Shares Dividends
1.4.5 Minimum Number of Offer Shares
The minimum subscription of each Qualifying Applicant under the Offer must be for a minimum of 10 Offer Shares amounting to GHS 7.50 and, thereafter, any additional Offer Shares subscribed for must be in multiples of 10 amounting to GHS 7.50, with no maximum on subscriptions.
Shareholders are to note that dividends are based on annual profits made by MTN.
1.4.6 Minimum Amount to be raised under the Offer
The minimum aggregate amount to be raised for the Offer to be declared successful and implemented is GHS 347,804,590 (the “Minimum Amount”). If MTN Ghana only raises the Minimum Amount under the Offer, then MTN Ghana shall utilise the amount raised as follows:
Expected Use of Funds
Amount in GHS
Payment of dividends to the Existing Shareholders