An update on the MTN Offer 🟨
I’ve read a number of questions about the MTN offer so I’d be trying to answer as many as I can in one email
Hello Everyone,
I’ve read a number of questions about the MTN offer so I’d be trying to answer as many as I can in one email
1. Would the price change if I filled the form late ?
Answer- No, as long as you filled the form and funded the wallet on or before the 14th of December which is when the offer closes. You’d be getting the stock at a fixed price of N169 per share
2. I funded my wallet. Why haven’t the stocks reflected ?
Answer - Since it’s not publicly trading at the moment , the shares would need some time to settle after closure of the offer. So once the offer closes on the 14th, the shares would settle in your portfolio about a week after. That is for everyone regardless of where you buy from
3. How does the bonus share work?
Answer - You would have to hold the stock for at least one year to qualify for the bonus share. You’d get 1 free share for every 20 shares you buy. If you’re still confused about that, please let me know.
4. Why is the money still in my wallet after I’ve funded?
Answer - We are collating the order book and would do a sweep from all the accounts that indicated interest before closure of the offer. Remember the price doesn’t change regardless of whether you paid for the shares last week or paid today. It’s still N169 per share as long as it was bought before the 14th. Our customer service team has also been sending out mails and making phone calls to confirm who and who were sure they wanted to proceed.
Please reach out to us on hello@troveapp.co or +2349077132746 if you have any questions.
Thanks