Stock Exchange postpones listing of Airtel Africa

The Nigerian Stock Exchange has announced that the planned Cross Border Secondary Listing of 3,758,151,504 Ordinary Shares of Airtel Africa Plc. has been postponed from the scheduled date of Friday, July 5, 2019.

According to terse statement from The Exchange, “the postponement was necessitated by the need to ensure that the company meets all the post NSE approval pre-requisites for listing on the NSE”.

“However, the Facts Before the Listing event will hold as planned at 11.00 a.m. on Friday, July 5, 2019”.

“The NSE will provide further communication on this issue when all the conditions for the listing in its market have been met”.

The statement was silent on the pre-requisities for listing on the NSE that the company has not met.