Shareholder groups of MTN Nigeria have called on the management of the company and the Securities and Exchange Commission (SEC) to extend the telco giant’s Public Offer, which closed yesterday, December 14, 2021.

The investors, who spoke with Nairametrics in separate interviews, demanded an extension of the offer, as they claim that thousands of their members were yet to subscribe to the exercise.

According to them, two weeks is just too short a time for an investment of that magnitude that was largely done via the Public Offer app, which is the first of its kind in the history of the Nigerian stock market.

<b>What they are saying about the offer</b>

The Chairman, Ibadan Zone Shareholders Association, Eric Akinduro, while commending MTN Group for its decision to sell up to 575 million shares to institutional and retail investors, noted that the period for the offer is too short.