MTN share price surge, as Mbire and NSSF reap big
The price of mobile giant MTN share has gone up by Shs27.01 in less than five months.
Previously, the share price of MTN Uganda was Shs177.99 but as of today, the price is Shs205.00.
Top shareholders are MTN Group Limited which has 83.1% holding 18,593,811,989 shares. National Social Security Fund (NSSF) 9.53% holding 2,132,631,877 shares. Charles Mbire 4% holding 895,561,877 shares while minimal other shares are held by Bank of Uganda retirement scheme.
Based on the above statistics, Mr Mbire’s shares gained Shs35 billion while NSSF gained Shs93 billion. Mbire’s Shs35 billion from his 895,561,877 share whitewashes earlier claims that he had suffered $2.4 million loss from the decline MTN-Uganda stake.
The latest venture solidifies NSSF and Mbire as the leading local shareholders in the telecom.
