Business
Results of the IPO of Airtel Malawi plc
Results of the IPO of Airtel Malawi plc.
About this update from Airtel Africa Plc
[{"type":"text","content":"\n \nRNS Number : 9819C Airtel Africa PLC 14 February 2020 \n\n \n \n \nAirtel Africa plc\n \nResults of the Initial Public Offering of Airtel Malawi plc\n \n \nLondon and Lagos, 14 February 2020: Airtel Africa plc a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, further to its announcement on 24 December 2019, today announces the results of the Initial Public Offering (\"IPO\") of its subsidiary Airtel Malawi plc on the main market of the Malawi Stock Exchange. \n \nAll ordinary shares offered in the IPO have been fully subscribed. The total number of offered shares amounted to 2,200,000,000, representing 20% of shares outstanding. \n \nThe price has been set at MK 12.69 (USD 0.02) per ordinary share resulting in gross proceeds of approximately MK 27.92 billion (USD 37.5m¹). \n \n \n \n¹TT-sell rate of MWK 745.00\n \nEnquiries\n \nInvestor relations\nPier Falcione +44 20 7493 9315 \nAnna Kaim \nInvestor.relation...