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How To Apply For MTN Shares With A Mobile Phone A Complete Business Solution | SCOT UG

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Following permission from the Capital Markets Authority of Uganda (CMA) and the Uganda Securities Exchange, MTN Uganda announced the launch of their mobile initial public offering (m-IPO) of 20% of its ordinary shares (USE). In this article, I will show you how to apply for MTN UGANDA shares as an individual investor with a mobile phone from your home Complete Business Solution.


About MTN Uganda:

MTN UGANDA is a public limited liability company owned by MTN Group, incorporated in Uganda on February 25, 1998, with Registration No. P.498. MTN Uganda is the largest telecom company in the country with over 11.2 million subscribers, known for its low data costs, strong country-wide network and mobile money charges.

 




The MTN Group will sell 4.4 billion shares in the secondary market at an offer price of UGX200 per share. At the moment, the MTN Group owns 96% of MTN Uganda. MTN Uganda's stock exchange is scheduled to close on November 22, 2021. 

MTN is also offering a bonus of five bonus shares for every 100 shares applied for via traditional application channels and ten bonus shares for every 100 shares applied for via the m-IPO via USSD or the MyMTN app.

How to apply for m-IPO shares

Previously, the process of entering into the share markets as a newbie was tiresome, and for the first time, Ugandans could apply for m-IPO shares through their MTN mobile phones without even leaving home and for free.

Using the USSD code:

Dial USSD code *165*65# from your MTN sim card to open an SCD account and apply for MTN shares.

Using the MyMTN app,

Download the MyMTN app from the play store, open an SCD account, and apply for MTN shares using the app.




Using USE-Portal,

Click Here and you will be redirected to USE Easy-Portal, create an account by filling in all the required details. Create an SCD account through USE-Portal and then apply to MTN Uganda share by clicking on "Current IPOs".



Using Third-Party Parties (broker)

Contact your licensed stockbroker to obtain MTN shares via paper application forms. This is an easy step for people already in stock, but it is tiresome for beginners.

Below is a list of a few Major Brockers in the country;

  1. UAP OLD MUTUAL FINANCIAL SERVICES (U) LTD
  2. BARODA CAPITAL MARKETS (U) LTD
  3.  DYER AND BLAIR UGANDA LIMITED
  4.  EQUITY STOCKBROKERS
  5.  CRESTED CAPITAL
  6.  SBG SECURITIES UGANDA LTD

The prospectus in its entirety, as well as the terms and conditions, are available here.

Finally, MTN says that if the number of applications exceeds the number of shares available, Ugandan individual investors will be considered first. Individuals from Uganda will receive guaranteed shares worth up to UGX 5 million in addition to the full number of bonus shares to which it entitled them. If an m-IPO application is not successful or if a portion of the offering is sold, all payments will be refunded in full via the same channel.

Do you have any extra information that you believe should be included in this article? tell us in the comment and we'll respond as soon as possible.

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