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MTN GROUP LIMITED - Allocation of MTN Group shares in accordance with the Performance Share Plan 2010

Release Date: 29/12/2016 16:54
Code(s): MTN     PDF:  
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Allocation of MTN Group shares in accordance with the Performance Share Plan 2010

MTN Group Limited
(Incorporated in the Republic of South Africa)
Registration number 1994/009584/06
Share code: MTN
ISIN: 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,   shareholders  are   advised  that   the  company
secretary of MTN as well as directors of major subsidiaries of
MTN were awarded and accepted shares in terms of the MTN
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         28 December 2016

     Number of shares awarded    12 800 shares

     Class of security           MTN ordinary shares of 0.01 cents
                                 each
     Market price per share at   R120.22
     which shares were awarded
     Total value of shares       R1 538 816.00

     Vesting period              Three years from award date

     Nature of transaction       Off-market award of shares to
                                 employee, which are subject to
                                 performance conditions, in
                                 accordance with the 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:        28 December 2016
     Number of shares awarded    56 300 shares
     Class of security           MTN ordinary shares of 0.01 cents
                                 each
     Market price per share at   R120.22
     which shares were
     awarded
     Total value of shares       R6 768 386.00

     Vesting period              Three years from award date


     Nature of transaction       Off-market award of shares to
                                 employee, which are subject to
                                 performance conditions, in
                                 accordance with the 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         28 December 2016

     Number of shares awarded    45 800 shares
     Class of security           MTN ordinary shares of 0.01 cents
                                 each
     Market price per share at   R120.22
     which shares were
     awarded
     Total value of shares       R5 506 076.00

     Vesting period              Three years from award date

     Nature of transaction       Off-market award of shares to
                                 employee, which are subject to
                                 performance conditions, in
                                 accordance with the 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         28 December 2016

     Number of shares awarded    31 400 shares
     Class of security           MTN ordinary shares of 0.01 cents
                                 each
     Market price per share at   R120.22
     which shares were awarded
     Total value of shares       R3 774 908.00

     Vesting period              Three years from award date

     Nature of transaction       Off-market award of shares to
                                 employee, which are subject to
                                 performance conditions, in
                                 accordance with the 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         28 December 2016

     Number of shares awarded    107 300 shares
     Class of security           MTN ordinary shares of 0.01 cents
                                 each
     Market price per share at   R120.22
     which shares were awarded
     Total value of shares       R12 899 606.00

     Vesting period              Three years from award date

     Nature of transaction       Off-market award of shares to
                                 employee, which are subject to
                                 performance conditions, in
                                 accordance with the MTN
                                 Performance Share Plan
     Nature of Interest          Direct beneficial

     Clearance                   Yes


6.   Name of director            FJ Moolman

     Name of the subsidiary      MTN Nigeria Communications
     company                     Limited
     Date of transaction         28 December 2016

     Number of shares awarded    66 400 shares
     Class of security           MTN ordinary shares of 0.01 cents
                                 each
     Market price per share at   R120.22
     which shares were
     awarded
     Total value of shares       R7 982 608.00

     Vesting period              Three years from award date

     Nature of transaction       Off-market award of shares to
                                 employee, which are subject to
                                 performance conditions, in
                                 accordance with the MTN
                                 Performance Share Plan
     Nature of interest          Direct beneficial

     Clearance                   Yes
7.   Name of director            K Toriola

     Name of the subsidiary      MTN Nigeria Communications
     company                     Limited
     Date of transaction         28 December 2016

     Number of shares awarded    55 900 shares
     Class of security           MTN ordinary shares of 0.01 cents
                                 each
     Market price per share at   R120.22
     which shares were awarded
     Total value of shares       R6 720 298.00

     Vesting period              Three years from award date

     Nature of transaction       Off-market award of shares to
                                 employee, which are subject to
                                 performance conditions, in
                                 accordance with the MTN
                                 Performance Share Plan
     Nature of interest          Direct beneficial

     Clearance                   Yes




Fairland

29 December 2016

Sponsor

Deutsche Securities (SA) Proprietary Limited

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