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MTN GROUP LIMITED - Dealings in MTN Securities

Release Date: 27/06/2016 17:26
Code(s): MTN     PDF:  
Wrap Text
Dealings in MTN Securities

MTN Group Limited
(Incorporated in the Republic of South Africa)
Registration Number 1994/009584/06
Share code: MTN
ISIN: ZAE000042164
("MTN ")

DEALINGS IN MTN SECURITIES

In compliance with paragraphs 3.63 to 3.66 of the JSE Limited Listings Requirements, MTN
advises that it has been informed of the dealings in MTN securities by the MTN Group
Limited Performance Share Plan 2010 (“the Scheme”). The salient details of the dealings are
set out below:

       Name of Company holding the treasury Mobile Telephone Networks Holdings Limited
1.     shares

       Acquirer                                  Employer Companies eligible to participate in the
                                                 MTN Group Limited Performance Share Plan
                                                 2010

       Date of transaction                       21 June 2016

       Nature and details of transaction         Off-market delivery of MTN shares held by Mobile
                                                 Telephone Networks Holdings Limited as treasury
                                                 shares to satisfy the Scheme’s settlement
                                                 obligation towards its participants.

       Class of securities                       Ordinary shares

       Number of shares delivered                193 806

       Price per share
                                                 147. 2660

       Total value of transaction                R 28 541 034. 40



2.     Name of Share Scheme                      MTN Group Limited Performance Share Plan
                                                 2010

       Date of transaction                       21 June 2016

       Nature and details of transaction         On-market sale of MTN shares held by Mobile
                                                 Telephone Networks Holdings Limited as
                                                 treasury shares to satisfy the Scheme’s
                                                 settlement obligation towards its participants.

      Class of securities                        Ordinary shares


      Number of shares sold for participants     173 409
      who elected to sell their shares and
      receive cash

      Price per share                            R 147. 2660

      Total value of transaction.                R 25 537 249.79

Shareholders are also advised that the Company Secretary of MTN as well as a Director of
major a subsidiary of MTN sold their shares in terms of the MTN Group Limited Performance
Share Plan 2010, the salient details of which are set out below:

1.    Name of Company Secretary                   SB Mtshali

      Name of the company                         MTN

      Date of transaction                         21 June 2016

      Number of shares                            1600 shares are subject to performance
                                                  conditions

      Class of security                           MTN ordinary shares of 0.01 cents each

      Market price per share at which             R147.2660
      options were awarded
      Total value of transaction                  R235 625.60

      Nature of transaction                       On- market Sale of shares in accordance with
                                                  the MTN Group Limited Performance Share
                                                  Plan 2010.

      Vesting period                              Three years from award date

      Nature of transaction                       Settlement of shares to employees in
                                                  accordance with the MTN Group Performance
                                                  Share Plan 2010

      Nature of interest                          Direct beneficial


2.    Name of director                            SB Ntsele

      Name of the company                         Mobile Telephone Networks Proprietary Limited

      Date of transaction                         21 June 2016

      Number of shares                            1125 shares are subject to performance
                                                  conditions
      
      Class of security                           MTN ordinary shares of 0.01 cents each

      Market price per share at which             R147.2660
      options were awarded
      Total value of transaction                  R165 674.25

      Nature of transaction                       On- market Sale of shares in accordance with
                                                  the MTN Group Limited Performance Share
                                                  Plan 2010
      Nature of interest                          Direct beneficial

      Vesting period                              Three years from award date

      Nature of transaction                       Settlement of shares to employees in
                                                  accordance with the MTN Group Limited
                                                  Performance Share Plan 2010

Prior clearance to deal in the above-mentioned transactions was obtained in accordance
with MTN`s policy as well as the Listings Requirements of the JSE Limited.

Fairland

27 June 2016

Sponsor: Deutsche Securities (SA) Proprietary Limited

Date: 27/06/2016 05:26:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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