MOMO RESTRUCTURING PROTECTS VALUE AND PAVES WAY FOR FUTURE LISTING – MMF CHAIRPERSON ASSURES SHAREHOLDERS
Accra, Ghana, December 4, 2025 – Madam Victoria Bright, Chairperson of MobileMoney Fintech LTD (MMF), has assured shareholders that the ongoing restructuring of the Mobile Money (MoMo) business is aimed atprotecting the value of their investments, while setting the stage for future growth and an eventual listing on the Ghana Stock Exchange (GSE).The restructuring is alsoaimed at addressing the requirement under Ghana’s Payment Systems and Services Act, 2019 (Act 987), for a minimum of 30 percent Ghanaian ownership for all dedicated electronic money issuers.
Addressing shareholders and beneficiaries at the Extraordinary General Meeting (EGM) held virtually and inpersonon Monday, December 1, 2025 at the University of Professional Studies Auditorium, Accra, she explained that although MMF is a newly incorporatedcompany, the business it will operate is not newas it is built on over a decade of innovation and impact through Mobile Money Limited (MML).
She stated that MMF has two shareholders: MTN Dutch Holdings B.V. (representing the MTN Group interest) and the MTN Ghana Fintech Trust (the Trust),which holds the interests of all minority shareholders ofScancom PLC and preserves their rights, value, and ensures transparent representation until the MoMo business is listed on the GSE.MMF would thus provide the MoMo business the appropriate structure, focus, and enhanced governancethatservesshareholders and beneficiaries better whilecreating long-term value for all stakeholders.
With respect to shares anddividends, she explained that the shareholdingof Scancom PLC would be mirrored inMMF. Madam Bright stressed that after listing,beneficiaries would hold their shares directly and separately in each of Scancom PLC and MMF and would continue toreceive dividends from both companies. Until then, the voting rights of the beneficiaries in the MoMo business would be exercised through the Trust on their behalf, with the Trust voting as instructed by the beneficiaries.
Dr. Ishmael Yamson, the Board Chairman of Scancom PLC, took his turn to address the attendees of the EGM andstated that “the MoMo business remains one of the strongest engines of growth, innovation and financial inclusion in our company and in Ghana. Localising it properly, thoughtfully and transparently is an investment in its future and in your future as shareholders.” He noted further that this structure would provide a clear path and time frame for the future listing of the MoMo business, whichis expectedwithin the next three to five years.
Following theoverwhelming approval of thebeneficiaries and shareholdersof MMF in favour of the merger of MMF and MML, Madam Bright informed attendees at the EGM that Scancom PLC will commence the necessary processes to bring finality to the merger. She noted that completion is subject to final regulatory approvals, including approval from the Bank of Ghana.
-ENDS-
Media Contacts:
Adwoa Wiafe
Chief Corporate Services and Sustainability Officer
Email: MTNGhana.MediaOffice@mtn.com
Georgina Asare Fiagbenu
Senior Manager, Corporate Communications
Email: MTNGhana.MediaOffice@mtn.com
