[ad_1]
Scancom PLC (MTN Ghana) will host shareholders at an Extraordinary General Meeting (EGM) on Thursday, December 3, 2020.
The meeting, which will take place virtually, will be broadcast live from the company’s headquarters at MTN House, Independence Avenue starting at 11 am.
The purpose of the meeting is also to seek Shareholder approval for the repurchase of 1,089,630 shares from applicants who did not provide enough personal information to complete their Know Your Customer (KYC) requirements as required in the Initial Public Offering of the Company, and in accordance with a directive from the Securities and Exchange Commission.
The meeting will also seek authorization from Shareholders for the implementation of an employee stock plan through an Employee Stock Ownership Plan (ESOP) for lower-level personnel, and an employee stock plan through the Performance action plan for senior staff.
The total number of shares subject to the Employee Share Plan will be allocated at an estimated share price of GHC 0.60, which represents approximately 4.41% of Scancom Plc’s issued share capital.
This follows an agreement between the Government of Ghana, MTN Group and MTN Ghana agreed in Q1 2020 to increase local ownership in MTN Ghana through an additional sale of ~ 12.5% of MTN Ghana shares to Ghanaians.
Speaking before EGM, Scancom Plc. Corporate Services Executive Mr. Sam Koranteng urged all shareholders to attend EGM and cast their vote on the resolutions outlined. He pointed out that Shareholders who do not have smartphones are expected to participate in the General Shareholders’ Meeting (i) by dialing +233244300025; (ii) enter the access code 8000; and (iii) enter the conference PIN number 056789. Furthermore, he confirmed that a unique token number would be sent to Shareholders by email and / or SMS before the end of November 2020, to grant them access to the EGM.
A Shareholder may designate a proxy to attend virtually and vote on their behalf. A copy of the proxy form can be downloaded from www.mtnghegm.com completed, signed and emailed to [email protected], at least 48 hours before the EGM on December 3, 2020. Shareholders who do not submit proxy forms before the meeting, can vote using their unique token number.
Scancom Plc. (MTN GHANA) held its second AGM after the IPO virtually on August 13, 2020 during which the 2019 financial statement was presented to the shareholders and in which all the special agreements related to the modification of the Company Constitution were duly approved by the Shareholders.
At the end of the proceedings at the AGM, a final dividend from GHC. 4 pesewas were declared for fiscal year 2019 and were paid on August 28, 2020 to shareholders.
For more information on MTN Virtual EGM, shareholders can contact [email protected] or call 0545823198, 0545822865 or 0545822920, or get information from the EGM website mtnghegm.com
About MTN Ghana
MTN Ghana is the market leader in the increasingly competitive mobile telecommunications industry in Ghana, offering subscribers a range of exciting options in Pay Monthly and Pay As You Go and Mobile Financial Services. The company is committed to providing reliable and innovative services that provide value to subscribers in the Ghana telecommunications market. Since its entry into Ghana in 2006, MTN has continuously invested in expanding and modernizing its network in order to offer superior services to a wide area of the nation.
Send your news to [email protected] and via WhatsApp at + 1-508-812-0505
