July 3, 2022

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MTN shareholders to obtain dividend representing 70.6% of revenue after tax following 4th AGM

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MTN Ghana has held its 4th Annual Common Assembly since itemizing on the Ghana Inventory Alternate in 2018. The assembly noticed the approval of the Audited Monetary Statements for the 12 months ended thirty first December 2021 and the declaration of a ultimate dividend.

After learning the full-year efficiency of the corporate in 2021, the whole dividend for the 12 months was 11.5 pesewas per share, representing 70.6% of revenue after tax and a 43.8% enhance in dividend per share payout in 2021 over 2020.

Dr. Ishmael Yamson- Board Chairman Scancom Plc

Board Chairman of MTN Ghana, Dr. Ishmael Yamson, attributed the numerous development within the firm’s income to robust development in Information Service, Cellular Cash, and Voice Service. Throughout the interval, the corporate recorded 56.3% development in information income, 38.2% development in Cellular Cash income supported by some 4.9% development in voice income. He burdened that the previous 12 months ended efficiently and warranted shareholders that MTN Ghana will at all times endeavor to ensure the corporate is well-managed with greatest pursuits of shareholders in thoughts.

“We had a profitable Annual Common Assembly. The outcomes had been superb. Shareholders accredited the fee of very respectable dividends. We guarantee shareholders that our focus is a really sturdy governance tradition that can be certain that the corporate is effectively managed, effectively catered for and continues to function in an moral method,” Dr.  Yamson indicated.

Talking on the occasion, Chief Government Officer of MTN Ghana, Selorm Adadevoh, defined that in the course of the interval in overview, 4G community protection was improved to over 90 per cent with an addition of 1,446 websites to achieve an additional 1.7 million folks. Moreover, the corporate added on 131 2G websites, 130 3G websites, whereas some 1,200 websites had been modernized to enhance buyer expertise.

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Mr. Adadevoh expressed optimism for the 2022 monetary 12 months stating that the corporate forecasts income development within the excessive teenagers. “We forecast service income development within the excessive teenagers (in share phrases) over the medium-term from the earlier steering of 13% to fifteen%. As well as, we’ll progress the execution of the expense effectivity programme and our prudent strategy to managing prices to ship on our dedication of margin growth,” he mentioned.

Scancom PLC (MTN Ghana) held its first AGM in Could 2019 after it listed on the Ghana Inventory Alternate (GSE) on 5 September 2018. It stays the corporate with the most important variety of Ghanaian shareholders following its Preliminary Public Providing (IPO) which raised GHS 1,146,589,464.75 from 128,152 candidates.

The IPO of MTN Ghana made historical past as the most important major share supply within the historical past of the GSE. Most significantly, it enabled many Ghanaians to personal shares in considered one of Ghana’s largest, most seen and well-respected corporations.

Pictures from the occasion:

Board Members of Scancom Plc
Board Members of Scancom Plc
MTN Ghana Executive Commitee Members in a pose with Board Chairman- Dr Ishmael Yamson
MTN Ghana Government Commitee Members in a pose with Board Chairman- Dr Ishmael Yamson
Introduction of Antoinette Kwofie as a Board Member Scancom Plc
Introduction of Antoinette Kwofie as a Board Member Scancom Plc
Board Secretary - Pala Aseidu Ofori
Board Secretary – Pala Aseidu Ofori
A Cross Section of Participants at the AGM
A Cross Part of Contributors on the AGM