IHS Holding Limited Issues Statement Regarding Recent Shareholder Comments
June 28 2023 - 4:35PM
Business Wire
IHS Holding Limited (NYSE: IHS) (“IHS Towers” or the “Company”),
one of the largest independent owners, operators, and developers of
shared communications infrastructure in the world by tower count,
today issued the following statement in response to recent
statements from MTN, Wendel and Blackwells Capital about the
Company with respect to certain corporate governance matters:
“The IHS Towers management team and Board of Directors have a
continued track record of engaging with shareholders, listening
carefully to their views and are focused on acting in the best
interests of all shareholders.
We note the recent comments made by certain of our shareholders
and we continue engaging in shareholder dialogue.”
About IHS Towers
IHS Towers is one of the largest independent owners, operators
and developers of shared communications infrastructure in the world
by tower count and is one of the largest independent multinational
towerco solely focused on the emerging markets. The Company has
nearly 40,000 towers across its 11 markets including Brazil,
Cameroon, Colombia, Côte d’Ivoire, Egypt, Kuwait, Nigeria, Peru,
Rwanda, South Africa and Zambia. For more information, please
email: communications@ihstowers.com or
visit: www.ihstowers.com
Forward-Looking Statements
This press release contains forward-looking statements. We
intend such forward-looking statements to be covered by relevant
safe harbor provisions for forward-looking statements (or their
equivalent) of any applicable jurisdiction, including those
contained in Section 27 A of the Securities Act of 1933, as amended
(the "Securities Act"), and Section 21 E of the Securities Exchange
Act of 1934, as amended (the "Exchange Act"). All statements other
than statements of historical facts contained in this press release
may be forward-looking statements. In some cases, you can identify
forward-looking statements by terms such as "may," "will,"
"should," "expects," "plans," "anticipates," "could," "intends,"
"targets," "projects," "contemplates," "believes," "estimates,"
"forecast," "predicts," "potential" or "continue" or the negative
of these terms or other similar expressions. Forward-looking
statements contained in this press release include, but are not
limited to statements regarding our future results of operations
and financial position, including related to our future engagement
with shareholders. We have based these forward-looking statements
largely on our current expectations and projections about future
events and financial trends that we believe may affect our
business, financial condition and results of operations.
Forward-looking statements involve known and unknown risks,
uncertainties and other important factors that may cause our actual
results, performance or achievements to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking statements, including, but not
limited to: non-performance under or termination, non-renewal or
material modification of our customer agreements; volatility in
terms of timing for settlement of invoices or our inability to
collect amounts due under invoices; a reduction in the
creditworthiness and financial strength of our customers; the
business, legal and political risks in the countries in which we
operate; general macroeconomic conditions in the countries in which
we operate; changes to existing or new tax laws, rates or fees
foreign exchange risks and/or ability to access U.S. Dollars in our
markets; regional or global health pandemics, including COVID 19,
and geopolitical conflicts and wars, including the current
situation between Russia and Ukraine; our inability to successfully
execute our business strategy and operating plans, including our
ability to increase the number of Colocations and Lease Amendments
on our Towers and construct New Sites or develop business related
to adjacent telecommunications verticals (including, for example,
relating to our fiber businesses in Latin America and elsewhere) or
deliver on our sustainability or environmental, social and
governance (ESG) strategy and initiatives under anticipated costs,
timelines, and complexity, such as our Carbon Reduction Roadmap
(Project Green), including plans to reduce diesel consumption,
integrate solar panel and battery storage solutions on tower sites
and connect more sites to the electricity grid; reliance on
third-party contractors or suppliers, including failure,
underperformance or inability to provide products or services to us
(in a timely manner or at all) due to sanctions regulations, due to
supply chain issues or other reasons; our estimates and assumptions
and estimated operating results may differ materially from actual
results; increases in operating expenses, including increased costs
for diesel; failure to renew or extend our ground leases, or
protect our rights to access and operate our Towers or other
telecommunications infrastructure assets; loss of customers; risks
related to our indebtedness; and the important factors discussed in
the section titled "Risk Factors" in our Annual Report on Form 20-F
for the fiscal year ended December 31, 2022. The forward-looking
statements in this press release are based upon information
available to us as of the date of this press release, and while we
believe such information forms a reasonable basis for such
statements, such information may be limited or incomplete, and our
statements should not be read to indicate that we have conducted an
exhaustive inquiry into, or review of, all potentially available
relevant information. These statements are inherently uncertain and
investors are cautioned not to unduly rely upon these statements.
You should read this press release and the documents that we
reference in this press release with the understanding that our
actual future results, performance and achievements may be
materially different from what we expect. We qualify all of our
forward-looking statements by these cautionary statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20230628932520/en/
Investors: InvestorRelations@IHSTowers.com Media: FGS Global Jim
Barron/Andy Duberstein/Akash Lodh IHS@fgsglobal.com
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