MTN Ghana to Sell Company Shares Acquired Through Buy-Back Program
Scancom PLC, known as MTN Ghana, has announced its intention to sell 729,810 company shares that were acquired through a restricted buy-back program.
The sale is set to kick off on August 25, 2025, and will take place on the open market.
IC Securities Ghana Ltd will oversee the transaction, with shares being sold at the prevailing market price at the time of trade. The company has assured that all regulatory requirements mandated by the Ghana Stock Exchange and the Securities and Exchange Commission will be followed during the sale.
This decision comes after MTN Ghana’s previous buy-back activity and is being communicated to ensure transparency in the market. The announcement was officially made by Pala Asiedu Ofori, the Company Secretary of Scancom PLC.
While such sales are typically viewed as standard corporate procedures by market observers, there could be short-term price implications depending on the volume of shares sold and market conditions.
