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Allocation of MTN Group shares in accordance with the Performance Share Plan 2010 (MTN Performance Share Plan)
MTN Group Limited
(Incorporated in the Republic of South Africa)
Registration number 1994/009584/06
Share code: MTN
ISIN code: ZAE000042164
("MTN" or "the MTN Group")
ALLOCATION OF MTN GROUP SHARES IN ACCORDANCE WITH THE
PERFORMANCE SHARE PLAN 2010 (MTN PERFORMANCE SHARE PLAN)
In accordance with paragraph 3.63 of the JSE Limited Listings
Requirements ("Listings Requirements"), shareholders are advised
that the company secretary of MTN as well as directors of major
subsidiaries of MTN were awarded shares in terms of the MTN’s
Performance Share Plan, the salient details of which are set out
below:
1. Name of Company Secretary SB Mtshali
Name of the company MTN
Date of transaction 29 June 2016
Number of shares awarded 10 100 shares are subject to
performance conditions
Class of security MTN ordinary shares of 0.01 cents
each
Market price per share at R139.00
which shares were awarded
Total value of shares R1 403 900.00
Vesting period Two years from award date
Nature of transaction Off-market award of shares to
employee in accordance with MTN
Performance Share Plan
Nature of interest Direct beneficial
Clearance Yes
2. Name of director PD Norman
Name of the subsidiary Mobile Telephone Networks (Pty)
company Ltd and MTN Nigeria
Communications Limited
Date of transaction: 29 June 2016
Number of shares awarded 46 100 shares are subject to
performance conditions
Class of security MTN ordinary shares of 0.01 cents
each
Market price per share at R139.00
which options were
awarded
Total value of shares R6 407 900.00
Vesting period Two years from award date
Nature of transaction Off-market award of shares to
employee in accordance with MTN
Performance Share Plan
Nature of interest Direct beneficial
Clearance Yes
3. Name of director M Nyati
Name of the subsidiary Mobile Telephone Networks (Pty)
company Ltd
Date of transaction 29 June 2016
Number of shares awarded 37 500 shares are subject to
performance conditions
Class of security MTN ordinary shares of 0.01 cents
each
Market price per share at R139.00
which options were
awarded
Total value of shares R5 212 500.00
Vesting period Two years from award date
Nature of transaction Off-market award of shares to
employee in accordance with MTN
Performance Share Plan
Nature of interest Direct beneficial
Clearance Yes
4. Name of director SB Ntsele
Name of the subsidiary Mobile Telephone Networks (Pty)
company Ltd
Date of transaction 29 June 2016
Number of shares awarded 25 500 shares are subject to
performance conditions
Class of security MTN ordinary shares of 0.01 cents
each
Market price per share at R139.00
which shares were awarded
Total value of shares R3 544 500.00
Vesting period Three years from award date
Nature of transaction Off-market award of shares to
employee in accordance with MTN
Performance Share Plan
Nature of interest Direct beneficial
Clearance Yes
5. Name of director JA Desai
Name of the subsidiary Mobile Telephones Networks (Pty)
company Ltd and MTN Nigeria
Communications Limited
Date of transaction 29 June 2016
Number of shares awarded 90 400 shares are subject to
performance conditions
Class of security MTN ordinary shares of 0.01 cents
each
Market price per share at R139.00
which shares were awarded
Total value of shares R12 565 600.00
Vesting period Two years from award date
Nature of transaction Off-market award of shares to
employee in accordance with MTN
Performance Share Plan
Nature of Interest Direct beneficial
Clearance Yes
6. Name of director K Toriola
Name of the subsidiary MTN Nigeria Communications
company Limited
Date of transaction 29 June 2016
Number of shares awarded 54 700 shares are subject to
performance conditions
Class of security MTN ordinary shares of 0.01 cents
each
Market price per share at R139.00
which options were
awarded
Total value of shares R7 603 300.00
Vesting period Two years from award date
Nature of transaction Off-market award of shares to
employee in accordance with MTN
Performance Share Plan
Nature of interest Direct beneficial
Clearance Yes
7. Name of director FJ Moolman
Name of the subsidiary MTN Nigeria Communications
company Limited
Date of transaction 29 June 2016
Number of shares awarded 44 700 shares are subject to
performance conditions
Class of security MTN ordinary shares of 0.01 cents
each
Market price per share at R139.00
which shares were awarded
Total value of shares R6 213 300.00
Vesting period Two years from award date
Nature of transaction Off-market award of shares to
employee in accordance with MTN
Performance Share Plan
Nature of interest Direct beneficial
Clearance Yes
Fairland
30 June 2016
Sponsor
Deutsche Securities (SA) Proprietary Limited
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