Ethio Telecom is preparing for an Intended ESX Listing, anticipated to be completed within twelve months following an upcoming share offer. The share offer includes 100 million ordinary shares priced at ETB 300 each, representing 10% of Ethio Telecom’s paid-up capital. This offer is exclusive to Ethiopian citizens present in the country, with a minimum application of 33 shares (ETB 9,900) and a maximum of 3,333 shares (ETB 999,900). Ethio Telecom is committed to enhancing its governance and internal processes for the ESX and ECMA, marking a significant move to strengthen its market presence. However, the company cautions that the success of the Intended ESX Listing within the desired timeline is not guaranteed and will explore alternatives if needed.

Source: Ethiopian News October 22, 2024 10:57 UTC