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MTN - MTN Group Limited - Dealing In Securities by Directors

Release Date: 03/04/2007 17:57
Code(s): MTN
Wrap Text

MTN - MTN Group Limited - Dealing In Securities by Directors MTN Group Limited (Incorporated in the Republic of South Africa) (Registration number 1994/009584/06) Share code: MTN ISIN: ZAE000042164 ("MTN") DEALING IN SECURITIES BY DIRECTORS In terms of section 3.63 of the of the JSE Listings Requirements, notice is hereby given of the offer and acceptance of MTN Group Share Appreciation Rights allocated to a Director as follows: Name of Director: Phuthuma Nhleko Date of grant of offer and strike date: 2 April 2007 Date of acceptance of offer: 3 April 2007 Option strike price (per share): R 98.50 Number of share rights awarded: 23 700 Nature of transaction: Offer and acceptance of MTN Group Ltd Share Appreciation Rights Vesting periods: 20% of total allocation on 2 April 2009
20% of total allocation on 2 April 2010 30% of total allocation on 2 April 2011
30% of total allocation on 2 April 2012 Prior clearance for this transaction was obtained in accordance with MTN`s policy with regard to Director`s dealings as well as the JSE Limited Listings requirements. Fairland 3 April 2007 Sponsor Merrill Lynch South Africa (Pty) Limited Date: 03/04/2007 17:57:45 Supplied by www.sharenet.co.za Produced by the JSE SENS Department.

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