Airtel Uganda Limited intends to proceed with an initial public offer of 8,000,000,000 ordinary shares, representing 20% of Airtel Uganda Limited. The prospectus will be published following the approval of the Capital Markets Authority of Uganda (“CMA”).
Subject to approval of the Prospectus by the CMA, the offer will be effected by way of an offer for the sale of ordinary shares by Bharti Airtel Uganda Holdings B.V., ultimately, a wholly owned subsidiary of Airtel Africa, who will receive all the proceeds of the offering, net of related expenses.
