MTN unveils R9.9bn new BEE deal
The proposed deal follows the current six-year-old MTN Zakhele, which matures in November.
MTN Zakhele Futhi will be effected through various core components, including a public offering to qualifying black participants to subscribe for shares and a re-investment offer to MTN Zakhele shareholders.
"MTN Zakhele Futhi is an 8-year scheme, during which period various trading restrictions will apply," MTN Zakhele chairperson Sindi Mabaso-Koyana said in a statement.
MTN Zakhele Futhi shares may become listed on a recognised stock exchange on or after the third anniversary of the issue date."
Source: I-Net Bridge
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