Airtel Uganda has announced a significant enhancement of its incentive share structure, effectively doubling bonus shares for all investors.
The Board of Directors at Airtel Uganda believes that this enhancement will not only attract more investors but also allocate a larger share to Ugandan stakeholders, reflecting the company's commitment to the local community.
Manoj Murali, the Managing Director of Airtel Uganda, expressed the company's enthusiasm for the revised incentive program.
"The Company is keen to promote broad ownership of our shares and welcomes the participation of all investors. We are excited about our growth trajectory and have, at minimum, doubled the incentive shares available for all categories of investors to further enhance the attractiveness of our IPO,” he stated
This gesture, which underlines Airtel Uganda's commitment to the country's capital markets, is seen as a landmark event that underscores the company's dedication to its Ugandan shareholders.
Investors who have already applied for shares will not be left out, as they will also receive the revised incentive shares. This inclusivity is a clear indication of Airtel Uganda's desire to ensure all its stakeholders are rewarded and motivated to take part in the IPO.
For those investors who secure shares in the Offer, there's even more good news. They will be eligible for dividends declared by Airtel Uganda in November 2023, adding a compelling financial incentive to the investment opportunity.
With the IPO drawing to a close on the 27th of October, Mr Manoj urged those interested in making last-minute applications not to miss out.
"We are truly humbled by the support that Ugandans have shown us. I call upon those who wish to make last-minute applications to do so. We have a strong team of partners on this transaction that will assist you in making an informed choice,” he said
As the deadline approaches, Airtel Uganda's enhanced incentive structure promises a more inclusive and enticing IPO, welcoming all investors to join in this landmark moment for the company and Uganda's capital markets.
