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MTN Group Limited - Awarding of share options to a Director

Release Date: 26/10/2006 12:16
Code(s): MTN
Wrap Text

MTN Group Limited - Awarding of share options to a Director MTN Group Limited (Incorporated in the Republic of South Africa) (Registration number 1994/009584/06) Share code: MTN ISIN: ZAE000042164 ("MTN") Awarding of share options to a Director In terms of section 3.63 of the Listings Requirements of the JSE Limited we hereby give notice of the offer and acceptance of MTN Group Share Appreciation Rights allocated to a director of a major subsidiary of MTN Group Limited as mentioned below: Name of director : Ms Irene Charnley Date of offer : 31 May 2006 Date of acceptance of offer : 25 October 2006 Option strike price (per share) : R56.83 Strike date : 31 May 2006 Amount of share options awarded : 174 300 Nature of transaction : Offer and acceptance of MTN Group Ltd Share Appreciation Rights
Vesting periods : 20% of total allocation on 30 Nov 2007 20% of total allocation on 30 Nov 2008 30% of total allocation on 30 Nov 2009 30% of total allocation on 30 Nov 2010
Fairland 26 October 2006 Sponsor Merrill Lynch South Africa Date: 26/10/2006 12:16:35 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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