🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

BRIEF-Airtel Africa Says Price Range For IPO Offer Has Been Set At 80 To 100 Pence Per Ordinary Share

Published 17/06/2019, 07:22
BRIEF-Airtel Africa Says Price Range For IPO Offer Has Been Set At 80 To 100 Pence Per Ordinary Share
BRTI
-

June 17 (Reuters) - Bharti Airtel Ltd BRTI.NS :
* AIRTEL AFRICA LTD - PRICE RANGE FOR IPO OFFER HAS BEEN SET
AT 80
PENCE TO 100 PENCE PER ORDINARY SHARE
* AIRTEL AFRICA - OFFER EXPECTED TO COMPRISE ABOUT 595.2
MILLION
TO 744 MILLION NEW SHARES TO BE ISSUED BY CO TO RAISE GROSS
PROCEEDS OF ABOUT £595 MILLION
* AIRTEL AFRICA LTD - IMMEDIATELY AFTER ADMISSION, CO
EXPECTS TO
HAVE FREE FLOAT OF AT LEAST 25% OF ISSUED SHARE CAPITAL
* AIRTEL AFRICA LTD - EXPECTS THAT CO WOULD BE ELIGIBLE FOR
INCLUSION IN FTSE UK INDICES
* AIRTEL AFRICA LTD - INTENDS TO UNDERTAKE A LISTING OF ITS
SHARES
ON NIGERIAN STOCK EXCHANGE CONCURRENTLY WITH IPO
* AIRTEL AFRICA LTD - INDICATIONS OF INTEREST OF $175M
RECEIVED
ACROSS THE PRICE RANGE FROM CERTAIN PRE IPO INVESTORS

Source text for Eikon: ID:nRSQ4355Ca
Further company coverage: BRTI.NS

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.