Applicants of the MTN Nigeria Shares should keenly go through this update ‘MTN Shares News For Today’.
Firsta foremost, it’s important for the general public to be aware that the shares offer has been closed.
The next thing is for each applicants to wait patiently for the next action which is allotment of the shares.
As citing by Primaryoffer, the allotment process which is currently ongoing will be finalized soon.
All that is needed as at present is the approval from appropriate bodies (regulatory authorities).
Those whose status is showing paid must have gotten their CSCS number by now.
However, if the reverse is the case then they’ll receive it before allotment of shares is concluded.
Thes allotted will be credited to all applicant’s CSCS account.
What is CSCS In the MTN Shares News Update
The acronym CSCS stands for Central Securities Clearing System.
When it come to the Nigerian Capital Market, CSCS is Nigeria’s Central Securities Depository (CSD), with the license to clear and settle all transactions in the market.
For one to successfully get the MTN Nigeria Shares, the major criteria is to owe CSCS investors’ account.
Each applicants will receive their shares (minimum of twenty shares) based on SEC rules.
Normally the allotment is expected to be done within seven (7) days after the close of sales, considering the number of applications also.
All CSCS accounts will be credited not later than fifteen (15) days after approval.
Although, any refund is likely to be done within five (5) working days after conclusion of allotment.
For further enquiries, kindly contact the appropriate team via;
Or better still, log onto your profile via Primaryoffer webpage.