Thursday, 10 August 2017
ANNOUNCEMENT OF RESULTS OF THE VODACOM TANZANIA PLC’s INITIAL PUBLIC OFFERING OF 560,000,100 SHARES
The Vodacom Tanzania Public Limited Company (“Vodacom Tanzania” or “VODA”) initial public offering (IPO) of 560,000,100 ordinary shares at a price of TZS 850/= per share was conducted from Thursday 9th March, 2017 to Friday, 28th July, 2017 and aimed to raise TZS 476,000,085,000.
Vodacom Tanzania is delighted to announce that the IPO has raised TZS 476,000,085,000 as planned. Of this amount, 60% of the Offer was raised through subscriptions by Tanzania investors and 40% of the Offer from international investors.
This is a significant landmark transaction for the country, being the largest IPO in the history of Tanzania’s capital markets and has attracted more than 40,000 Tanzanian investors, most of whom are first time participants in the capital markets in Tanzania.
The CMSA has approved the shareholders’ register reflecting these results, ready for crediting the allotted shares to the respective shareholders’ Central Securities Depository (CSD) accounts.
In accordance with the IPO timetable approved by the CMSA and included in the Addendum to the Vodacom Tanzania Prospectus, 7th August, 2017 is the official announcement date of the results of the IPO. Following completion of the CSD Accounts postings, Vodacom Tanzania shares will be listed on the Dar es Salaam Stock Exchange (DSE) on 15th August, 2017 under the ticker “VODA”.
Shareholders are advised to collect copies of their Depository Receipts, beginning on Monday, 14th August, 2017, from Collecting Agents through whom they applied for the shares. Trading in the Vodacom shares shall commence at 10.00hrs (10AM) on the same day.
We are proud and excited that many Tanzanians have participated in the offer and supported our company. We also thank investors from outside the country for their support and confidence in our company. We look forward to the public investors becoming our shareholders and to the listing of our company, and to be part of our company’s vision “to lead Tanzania into the digital age and change lives through technology”.
at 11:40 am