Airtel Africa PLC MSE: Announcement of Pre-Listing Statement (9843X)
24 Diciembre 2019 - 4:14AM
UK Regulatory
TIDMAAF
RNS Number : 9843X
Airtel Africa PLC
24 December 2019
Airtel Africa plc
Announcement of Pre-Listing Statement in reference to Malawi
Stock Exchange
London and Lagos, 24 December 2019: Airtel Africa plc ("Airtel
Africa" or "Group"), a leading provider of telecommunications and
mobile money services, with presence in 14 countries across Africa,
further to its announcement of 11 December 2019 of its intention to
float its local business Airtel Malawi plc ("Airtel Malawi" or the
"Subsidiary") on the Malawi Stock Exchange, today announces the
price for the initial public offering ("IPO" or the "Offer").
The price for the IPO has been set at MK 12.69 (USD 0.02) per
Ordinary Share. The Offer is expected to comprise of 1,650,000,000
shares, representing 15% of the issued share capital. An additional
550,000,000 shares, representing 5% of the issued share capital
will be made available subject to the exercise of the
over-allotment option. The Subsidiary expects to raise gross
proceeds of approximately up to MK 27.92 billion (USD 37.5m(1) )
and the price implies a market capitalisation on admission of MK
139.59 billion (USD 187.4m(1) ).
The Offering enables the general public to own a part of the
leading telecommunications provider in Malawi.
The Prospectus relating to the IPO is available on the
Subsidiary's web site.
When fully subscribed, this listing will enable the Subsidiary
to comply with Section 35 of the Communications Act of 2016,
Regulation 26 (2) of the Communications (Telecommunications and
Broadcasting Licensing) Regulations of 2016 and Clause 42.2 of the
Subsidiary's operating license, which requires the Subsidiary to
have at least 20% local Malawian shareholding.
Airtel Africa, the second largest mobile operator in Africa by
number of active subscribers, offers an integrated suite of
telecommunications solutions to its subscribers, including mobile
voice and data services as well as mobile money services both
nationally and internationally. The Group continuously invests in
expanding its network footprint and number of 4G sites to enhance
network capabilities and support its future business growth,
offering traditional mobile voice services, with an increasing
focus on data and mobile money. Airtel Africa is well positioned to
capture growth opportunities presented by promising underlying
macroeconomic and demographic trends in a fast-growing region that
is vastly underpenetrated in terms of mobile and banking services.
The Group's footprint is characterized by low but increasing levels
of mobile connectivity, with a unique user penetration at 44%,
highlighting the potential for growth across its footprint.
1 TT-sell rate of MWK 745.00
Enquiries
Investor relations
Pier Falcione +44 20 7493 9315
Anna Kaim
Investor.relations@africa.airtel.com
Media relations
Kevin Soady, Kekst CNC +44 20 3755 1600
Katherine Fennell, Kekst CNC
Michael Okwiri
Michael.Okwiri@africa.airtel.com
About Airtel Africa
Airtel Africa (LSE: AAF; NSE: AIRTELAFRI) is a leading provider
of telecommunications and mobile money services, with a presence in
14 countries in Africa, primarily in East Africa and Central and
West Africa. Airtel Africa offers an integrated suite of
telecommunications solutions to its subscribers, including mobile
voice and data services as well as mobile money services both
nationally and internationally. The Group aims to continue
providing a simple and intuitive customer experience through
streamlined customer journeys.
About Airtel Malawi
Airtel Malawi is the country's leading mobile service provider
offering 4G /LTE, 2G and 3G wireless networks; and high speed fixed
broadband internet services. Airtel Malawi's affiliate Airtel
Mobile Commerce Limited offers one of the largest mobile commerce
service in the country through Airtel Money which was launched in
Malawi in February 2011.
Airtel Malawi was established in Malawi in 2010 as a subsidiary
of Airtel Africa.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
UPDTIBMTMBBTBBL
(END) Dow Jones Newswires
December 24, 2019 05:14 ET (10:14 GMT)
Airtel Africa (LSE:AAF)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Airtel Africa (LSE:AAF)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024