To view the PDF file, sign up for a MySharenet subscription.

MTN GROUP LIMITED - Involuntary dealing in securities by a director of major subsidiaries of MTN

Release Date: 06/09/2018 16:45
Code(s): MTN     PDF:  
Wrap Text
Involuntary dealing in securities by a director of major subsidiaries of MTN

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


INVOLUNTARY DEALING IN SECURITIES BY A DIRECTOR OF MAJOR
SUBSIDIARIES OF MTN


In compliance with paragraphs 3.63 – 3.66 of the JSE Limited
Listings Requirements, we hereby announce the following transaction
in MTN securities by a director of major subsidiaries of MTN:

     Name of director:                 Paul Deon Norman

     Office held:                      Group Chief Human Resources
                                       Officer and Director of
                                       major subsidiaries

     Name of subsidiaries of the       MTN Nigeria Communications
     Company:                          Limited and Mobile
                                       Telephone Networks
                                       Proprietary Limited

     Date of transaction:              05 September 2018

     Number of shares sold:            200 970

     Class of security:                MTN ordinary shares of 0.01
                                       cents each

     Highest market price at which
     the shares were sold:             R73.92


     Lowest market price at which      R73.50
     the shares were sold:

     Volume weighted average price     R73.62
     at which the shares were sold:

     Total value of the transaction:   R14 795 411.40

     Nature of transaction:            Involuntary on-market sale
                                       of shares actioned by a
                                       financial institution due
                                       to the shares being linked
                                       to an equity finance
                                       transaction

     Nature of interest:               Direct beneficial

The JSE has granted a waiver ruling as the director had no
discretion to deal in the above transaction.


Fairland
06 September 2018
Sponsor:   Deutsche Securities (SA) Proprietary Limited

Date: 06/09/2018 04:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story