Personal Services

Why did MTN Rwandacell PLC list by introduction?

  • The Company listed its entire outstanding ordinary shares on the Rwanda Stock Exchange (“RSE”) on 4th May 2021
  • The key objectives of the listing were to create access for the Rwandan public to participate in ownership of MTN Rwandacell PLC, to provide liquidity for existing shareholders and to create a stable and supportive long-term shareholder base to ensure a healthy and liquid aftermarket performance. We believe a Listing by Introduction (“LBI”) provided a suitable platform to achieve these objectives.
  • MTN Rwandacell PLC has an optimum and efficient capital structure and sufficient access to the debt market. It does not need primary equity capital to fund the business.
  • We are therefore of the view that the LBI was the suitable platform to achieve its listing objectives, including liquidity for its minority shareholders while building Rwanda’s capital markets.