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MTN GROUP LIMITED - Allocation of MTN Group Shares in Accordance with the Performance Share Plan 2015

Release Date: 29/12/2017 11:15
Code(s): MTN     PDF:  
Wrap Text
Allocation of MTN Group Shares in Accordance with the Performance Share Plan 2015

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

ALLOCATION OF MTN GROUP SHARES IN ACCORDANCE WITH THE
PERFORMANCE SHARE PLAN 2015 (“MTN Performance Share Plan”)

In accordance with paragraph 3.63 of the JSE Limited Listings
Requirements ("Listings Requirements"), shareholders are advised
that the following executive directors and company secretary of
MTN as well as directors of major subsidiaries of MTN were
awarded shares in terms of the MTN Performance Share Plan, the
salient details of which are set out below:

1.   Name of Director                  RA Shuter

     Name of the company               MTN

     Date of transaction               28 December 2017

     Number of shares awarded          200 200 shares (subject
                                       to performance
                                       conditions)

     Class of security                 MTN ordinary shares of
                                       0.01 cents each

     Market price per share at which   R133.14
     shares were awarded

     Total value of shares             R26 654 628.00

     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



2.   Name of Director                  RT Mupita

     Name of the company               MTN

     Date of transaction               28 December 2017

     Number of shares awarded          118 300 shares (subject
                                       to performance
                                       conditions)

     Class of security                 MTN ordinary shares of
                                       0.01 cents each

     Market price per share at which   R133.14
     shares were awarded

     Total value of shares             R15 750 462.00

     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



3.   Name of Company Secretary         SB Mtshali

     Name of the company               MTN

     Date of transaction               28 December 2017

     Number of shares awarded          12 600 shares (subject to
                                       performance conditions)
     Class of security                 MTN ordinary shares of
                                       0.01 cents each

     Market price per share at which   R133.14
     shares were awarded

     Total value of shares             R1 677 564.00

     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


4.   Name of director                  PD Norman

     Name of the subsidiary company    Mobile Telephone Networks
                                       (Pty) Limited and MTN
                                       Nigeria Communications
                                       Limited

     Date of transaction               28 December 2017

     Number of shares awarded          57 700 shares (subject to
                                       performance conditions)

     Class of security                 MTN ordinary shares of
                                       0.01 cents each

     Market price per share at which   R133.14
     options were awarded

     Total value of shares             R 7 682 178.00

     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                  G Motsa

     Name of the subsidiary company    Mobile Telephone Networks
                                       (Pty) Limited

     Date of transaction               28 December 2017

     Number of shares awarded          69 700 shares (subject to
                                       performance conditions)

     Class of security                 MTN ordinary shares of
                                       0.01 cents each

     Market price per share at which   R133.14
     options were awarded

     Total value of shares             R 9 279 858.00

     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


6.   Name of director                  SB Ntsele

     Name of the subsidiary company    Mobile Telephone Networks
                                       (Pty) Limited
     Date of transaction               28 December 2017

     Number of shares awarded          30 700 shares (subject to
                                       performance conditions)

     Class of security                 MTN ordinary shares of
                                       0.01 cents each

     Market price per share at which   R133.14
     shares were awarded

     Total value of shares             R4 087 398.00

     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


7.   Name of director                  J Schulte-Bockum

     Name of the subsidiary company    Mobile Telephones Networks
                                       (Pty) Limited and MTN
                                       Nigeria Communications
                                       Limited

     Date of transaction               28 December 2017

     Number of shares awarded          125 500 shares (subject to
                                       performance conditions)

     Class of security                 MTN ordinary shares of
                                       0.01 cents each

     Market price per share at which   R133.14
     shares were awarded

     Total value of shares             R16 709 070.00
     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


8.   Name of director                  K Toriola

     Name of the subsidiary company    MTN Nigeria Communications
                                       Limited

     Date of transaction               28 December 2017

     Number of shares awarded          69 100 shares (subject to
                                       performance conditions)

     Class of security                 MTN ordinary shares of
                                       0.01 cents each

     Market price per share at which   R133.14
     options were awarded

     Total value of shares             R9 199 974.00

     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


9.   Name of director                  FJ Moolman

     Name of the subsidiary company    MTN Nigeria Communications
                                       Limited

     Date of transaction               28 December 2017

     Number of shares awarded          66 100 shares (subject to
                                       performance conditions)

     Class of security                 MTN ordinary shares of
                                       0.01 cents each

     Market price per share at which   R133.14
     shares were awarded

     Total value of shares             R8 800 554.00

     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


Fairland

29 December 2017


Sponsor

Deutsche Securities (SA) Proprietary Limited

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