Business
MTN Gives Condition For Investors’ Share Bonus

Telecommunications giants, MTN, Nigeria, has given condition for the allotment of the bonus shares promised to prospective investors that participated in the telecommunications public offer last December.
The network provider’s majority shareholder, MTN International (Mauritius), ‘representative of the telco’s parent company, MTN Group’, had sold 575 million shares between December 1 to 14, 2021.
It was gathered that a total of 126,720 retail investors subscribed to purchase the stocks, which hasn’t been allotted to the buyers more than a month after, but the shares will be issued on February 18, 2021.
However, the bonus offered by MTN Nigeria to lure investors, one stock for every 20 shares bought by the prospective investors, will now come with a condition that wasn’t initially stated prior to the sales.
According to PrimaryOffer, the issuing digital exchange platform for the share sale offer, the bonus will only be offered to investors that held their acquired shares for one year (till January 31, 2023), which means holders who sell the December shares before one year, won’t be issued the bonus share(s).
MTN Nigeria also stated that individuals who purchased its shares during the December public offer will be entitled to the final proposed dividend of 2021, which is N8.57kobo per share.
The proposed dividend will be paid in April 2022, but it wasn’t clarified if the gains on the MTN Nigeria stock since the end of the December offer will reflect on the value of shares distributed to the investors who would participate in April 2022.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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