Opportunity to subscribe to the Emtel IPO at selected Emtel Showrooms

Following the recent release of the Prospectus of Emtel Limited (Emtel) for the Initial Public Offering (IPO) of its shares allowing all Mauritians and the general public to become shareholders of Emtel and be part of the major player in telecommunications and technology, M.C.B. Stockbrokers Limited (MCBSB or MCB Capital Markets), the Sponsoring Broker, will be present across selected Emtel showrooms over the coming weekends (8-9 June and 15-16 June).

The public is invited to meet the team at the showrooms of Emtel at the following shopping malls; Grand Baie La Croisette, Bagatelle Mall, Cascavelle Shopping Mall, and Tribeca Mall to learn more about this offer which will close on 21st June 2024.

The MCB Capital Markets team will be on hand to help the public by providing more information and assisting those interested in subscribing to the shares of Emtel to complete their applications on the spot. The event includes demystifying and simplifying investment concepts and learning more about potential benefits (and the associated risks and considerations) of investing in stock markets or equities ensuring Mauritians and residents are better informed of their investment decisions.

These interactive events provide a unique opportunity for the public to learn about this exciting investment prospect. As a summary, Emtel is providing the opportunity to its staff, customers and the general public to become shareholders of the company and is offering up to 113,850,000 ordinary shares at a price of MUR 23.00 per share (subject to a minimum investment of 1,000 shares). Projected dividend yield for the year ending 31 December 2024 is 5.4% and is expected to grow to 6.7% and 7.7% in 2025 and 2026 respectively. This IPO is a chance for citizens to become shareholders in one of Mauritius’ leading and innovative technological company with a solid history of 35 years starting as a pioneer telecommunications company in the early 1990’s and which has now grown into a group valued at more than MUR 12 billion and which is focused on technology.

To guide you through the investment process, the MCB Capital Markets team will be on-site at these malls, ready to answer your questions and provide assistance on the subscription process. Mark your calendars for the weekends of June 8-9 and June 15-16, from 10.00 hrs to 18.00 hrs (Saturdays) and 10.00 hrs to 16.00 hrs (Sundays) and ensure you have the following documents on you to be able to complete your subscriptions on the spot: Proof of Identity (NIC or Passport), recent Proof of Address (less than 3 months old CEB or CWA bill) and Proof of Bank Account (bank statement or IBAN).