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Moneypenny

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MTN
« on: November 02, 2015, 11:42:36 am »
I don't see a thread for this one, starting one then. :) - Attached monthly chart



South Africa's MTN talking to Nigeria over $5.2 bln fine

30-10-2015 08:49

Oct 30 (Reuters) – MTN Group Ltd

Group CEO is engaging with Nigerian authorities on regulatory aspects of this matter.

In addition senior management of company and its advisors are currently engaging with JSE Limited on timing of aforementioned SENS announcement
Source text for Eikon: [ID:nJsed0010a] Further company coverage: [MTNJ.J]

 (Bengaluru Newsroom: +91 80 6749 1136)    JOHANNESBURG, Oct 30 (Reuters) – South Africa's MTN Group
<MTNJ.J> is in talks with Nigerian authorities after the West African country imposed a $5.2 billion fine on the mobile phone company for a failure to cut off users with unregistered SIM cards.

MTN also said it was in discussion with the Johannesburg stock exchange, JSE Ltd <JSEJ.J>, about the timing of the announcement of the fine, which has knocked around 20 percent off the company's stock price.
« Last Edit: November 02, 2015, 11:49:13 am by Moneypenny »
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Moneypenny

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Re: MTN
« Reply #1 on: November 02, 2015, 11:50:49 am »
1Hr Chart
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Shi

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Re: MTN
« Reply #2 on: November 02, 2015, 11:52:31 am »
GEN – General – MTN Group Limited

Trading halt

The JSE has halted trading in MTN Group Limited shares pending an announcement from the company.
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chang9015

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Re: MTN
« Reply #3 on: November 02, 2015, 12:41:42 pm »
Quick question, what happens to the INDI25 and TOP40's inclusion of MTN? do they get rebalanced in the next quarter removing MTN if the shares do not resume trading?
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jaDEB

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Re: MTN
« Reply #4 on: November 02, 2015, 03:18:27 pm »

UPDATE TO NOTEHOLDERS AND FURTHER CAUTIONARY ANNOUNCEMENT

Further to the Stock Exchange News Service (“SENS”) announcement
issued on 30 October 2015 by MTN Group Limited (“the Group”) as
well as by the Company, where noteholders were advised of the
current status of the matter and to exercise caution when
trading in securities of the Group as well as the Company,
noteholders are further advised as follows:

As per our SENS announcement, the Company reiterates that
engagements with the Nigerian authorities are continuing and any
material developments in these engagements will be communicated
to noteholders through SENS.

Noteholders should specifically exercise caution when reacting
to information on this matter which has not been released by the
Group or the Company.

Noteholders are therefore advised to continue to exercise
caution when dealing in the Company’s securities until a further
announcement is made.

Fairland

2 November 2015
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jaDEB

If it scares you, it's a sign you need to do it
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