Telekom Networks Malawi

Ticker code TNM Industry Communications Services 5th Floor, Livingstone Towers
Glyn Jones Road
P.O. Box 3039
Blantyre, Malawi
ISIN MW000A1C5MM7 Sector Services
Initial Listing 3 November 2008 Financial Year End 31 December
Website www.tnm.co.mw Results Released Half-yearly

About

Telekom Networks Malawi Limited is a company incorporated in Malawi under the Malawi Companies Act, 1984. It was established in 1995 as a joint venture between Telekom Malaysia and the then government owned Malawi Telecommunications Limited (MTL). In April 2007 Telekom Malaysia sold its 60% majority stake in TNM. It was listed on the Malawi Stock Exchange on 3 November 2008. The Company is engaged in providing telecommunication services in accordance with its license issued by Malawi Communications Regulatory Authority (MACRA).

Auditors

Deloitte
Public Accountants
First Floor
INDEbank House
Kaohsiung Road
Blantyre, Malawi

Secretary

Christina Mwansa
5th Floor, Livingstone Towers
Glyn Jones Road
P.O. Box 3039
Blantyre, Malawi

Advocates

Unavailable


Name Position
Prof. Mathews Chikaonda Chairman
Mr Hitesh Anadkat Vice Chairman
Mr John M. O’Neill Director
Mr Pius Percy Mulipa Director
Mrs Rosemary Chitera Director
Mr Dean Lungu Director
Mr Damien Kafoteka Director
Mr Willem H Swart Managing Director
Mr Eric Valentine Chief Operations Officer
Mr Arnold K  Mbwana Chief Internal Auditor
Mr Daniel Makata Chief Commercial Officer
Mr Peter Kadzitche Managing Executive - Financial Control, Acting Chief Finance Officer
Mr Zangaphee Chimombo Managing Executive - Information & Customer Services
Mr Francis Kamphata Managing Executive - Core & VAS
Mrs Phyllis Manguluti Managing Executive – Regional Operations
Mrs Christina Mwansa Managing Executive - Legal & Regulatory
Mr David Smith Chief Officer TNM Business Services
Mr Grant Smith Managing Executive TNM Business Services

Top 10 shareholders as at 31 December 2014
Name of shareholder Number of shares % Shareholding
Press Corporation Limited 4,147,684,766 41.31
Old Mutual Life Assurance Co Mw Ltd 1,152,300,872 11.48
Old Mutual Life Assurance Company (Malawi) Ltd 867,189,858 8.64
Magni Holdings Limited 568,343,698 5.66
Nico Life Insurance Company 489,703,433 4.88
Old Mutual Life Assurance Co Mw Ltd 287,881,071 2.87
Livingstone Holdings Ltd 219,751,308 2.19
Escom Pension Fund 168,970,000 1.68
Uco Holdings Limited 126,541,635 1.26
Unilogy Holdings Ltd 126,541,635 1.26
Total 8,154,908,276 81.22
Others 1,885,541,724 18.78
Total issued 10,040,450,000 100.00
Distribution of shareholders by size of shareholding as at 31 December 2014
Range Number of shareholders Number of shares % Shareholding
1 - 5,000                                                261 724,223 0.01
5,001 - 10,000                                            7,134 71,143,164 0.71
10,001 - 25,000                                            6,238 93,023,464 0.93
25,001 - 50,000                                            1,389 46,563,913 0.46
50,001 - 100,001                                                745 49,186,266 0.49
100,001 - 200,000                                                378 51,414,093 0.51
200,001 - 500,000                                                271 83,660,010 0.83
500,001 - 1,000,000                                                  89 62,085,236 0.62
1,000,001 and above                                                169 9,582,649,631 95.44
Total 16,674 10,040,450,000 100.00
Distribution of shareholders by industry as at 31 December 2014
Name of shareholder Number of shareholders Number of shares % Shareholding
Local companies 194 4,540,988,084 45.23
Pension funds 31 2,457,459,469 24.48
Citizen resident 15,971 2,087,156,304 20.79
Insurance companies 6 309,629,414 3.08
Foreign companies 9 180,896,472 1.80
Other 463 464,320,257 4.62
Total  16,674 10,040,450,000 100.00
Distribution of shareholders by country as at 31 December 2014
Country Number of shareholders Number of shares % Shareholding
Malawi 15,871 9,805,348,683 97.66
Unknown 740 48,959,545 0.49
United Kingdom 21 2,126,800 0.02
India 21 472,300 0.00
South Africa 5 56,138,300 0.56
USA 5 124,605,772 1.24
Other 11 2,798,600 0.03
Total 16,674 10,040,450,000 100.00