Airtel fails to meet IPO demands, suspends listing on Nigerian Stock Exchange

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The Nigerian Stock Exchange (NSE) has disclosed that the planned listing of Airtel Africa, earlier scheduled to hold today, Friday, July 5 has been suspended.

The NSE, in a statement on Friday, said, “The 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.

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“This 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 said it would inform the public when all the conditions for the listing in its market had been met.

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