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MTN GROUP LIMITED - Dealing in securities

Release Date: 29/03/2021 14:23
Code(s): MTN     PDF:  
Wrap Text
Dealing in securities

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

DEALING IN SECURITIES BY DIRECTORS AND PRESCRIBED OFFICERS OF MTN
AND ITS MAJOR SUBSIDIARIES


In compliance with paragraphs 3.63 – 3.66 of the JSE Limited Listings
Requirements, we hereby announce the following transaction in MTN
securities pursuant to a vesting of shares in accordance with the
Performance Shares Plan.

Name of director:                 Ralph Mupita

Office held:                      Group President and CEO

Name of Company:                  MTN

Date of transaction:              24 March 2021

Number of shares purchased:       88 725

Class of security:                MTN ordinary shares of 0.01
                                  cents each
Market price at which shares      R84.95
were purchased
Total value of the transaction:   R7 537 189

Nature of transaction:            On-market-purchase of shares
                                  awarded to employee in
                                  accordance with the MTN
                                  Performance Share Plan

Nature of interest:               Direct beneficial



Name of director:                 Karl Toriola

Office held:                      MTN Nigeria CEO

Name of Company:                  MTN Nigeria Communications
                                  Limited

Date of transaction:              24 March 2021

Number of shares sold:            51 825

Class of security:                MTN ordinary shares of 0.01
                                  cents each
Market price at which shares      R84.95
were sold
Total value of the transaction:    R 4 402 534

Nature of transaction:             On-market sale of shares awarded
                                   to employee in accordance with
                                   the MTN Performance Share Plan

Nature of interest:                Direct beneficial




Name of director:                 Godfrey Motsa

Office held:                      MTN South Africa CEO

Name of Company:                  Mobile Telephone Networks Pty
                                  Limited

Date of transaction:              24 March 2021

Number of shares purchased:       52 275

Class of security:                MTN ordinary shares of 0.01 cents
                                  each

Market price at which shares      R84.95
were purchased:
Total value of the                R4 440 761
transaction:

Nature of transaction:            On-market   purchase  of   shares
                                  awarded to employee in accordance
                                  with the MTN Performance Share
                                  Plan

Nature of interest:               Direct beneficial



Name of director:                 Jens Schulte Bockum

Office held:                      Director of major subsidiaries

Name of Company:                  Mobile Telephone Network
                                  Proprietary Limited.
                                  MTN Nigeria Communications PLC

Date of transaction:              24 March 2021

Number of shares sold:            94 125

Class of security:                MTN ordinary shares of 0.01 cents
                                  each

Market price at which shares      R84.95
were sold
Total value of the             R 7 995 919
transaction:

Nature of transaction:         On-market sale of shares awarded
                               to employee in accordance with the
                               MTN Performance Share Plan

Nature of interest:            Direct beneficial



Name of director:              Paul Norman

Office held:                   Director of major subsidiaries

Name of Company:               Mobile Telephone Network
                               Proprietary Limited.
                               MTN Nigeria Communications PLC

Date of transaction:           24 March 2021

Number of shares purchased:    43 275

Class of security:             MTN ordinary shares of 0.01 cents
                               each

Market price at which shares   R84.95
were purchased
Total value of the             R3 676 211
transaction:

Nature of transaction:         On-market   purchase  of   shares
                               awarded to employee in accordance
                               with the MTN Performance Share
                               Plan

Nature of interest:            Direct beneficial



Name of director:              Sugentharan Perumal

Office held:                   Director of major subsidiaries

Name of Company:               Mobile Telephone Network
                               Proprietary Limited.
                               MTN Nigeria Communications PLC


Date of transaction:           24 March 2021

Number of shares purchased:    23 100

Class of security:             MTN ordinary shares of 0.01 cents
                               each
Market price at which shares   R84.95
were purchased
Total value of the             R 1 962 345
transaction:

Nature of transaction:         On-market   purchase  of   shares
                               awarded to employee in accordance
                               with the MTN Performance Share
                               Plan

Nature of interest:            Direct beneficial



Name of director:              Ferdi Moolman

Office held:                   Director of major subsidiaries

Name of Company:               Mobile Telephone Network
                               Proprietary Limited.
                               MTN Nigeria Communications PLC

Date of transaction:           24 March 2021

Number of shares sold:
                               49 575
Class of security:             MTN ordinary shares of 0.01 cents
                               each

Market price at which shares   R84.95
were sold
Total value of the             R4 211 396
transaction:

Nature of transaction:         On-market sale of shares awarded
                               to employee in accordance with the
                               MTN Performance Share Plan

Nature of interest:            Direct beneficial



Name of director:              Ismail Jaroudi

Office held:                   Prescribed Officer


Name of Company:               MTN

Date of transaction:           24 March 2021

Number of shares purchased:
                               58 200
Class of security:             MTN ordinary shares of 0.01 cents
                               each

Market price at which shares   R84.95
were purchased:
Total value of the                R 4 944 090
transaction:

Nature of transaction:            On-market   purchase  of   shares
                                  awarded to employee in accordance
                                  with the MTN Performance Share
                                  Plan

Nature of interest:               Direct beneficial



Name of director:                 Ebenezer Asante

Office held:                      Prescribed Officer

Name of Company:                  MTN

Date of transaction:              24 March 2021

Number of shares sold:            58 500

Class of security:                MTN ordinary shares of 0.01 cents
                                  each

Market price at which shares      R84.95
were sold
Total value of the                R 4 969 575
transaction:

Nature of transaction:            On-market sale of shares awarded
                                  to employee in accordance with the
                                  MTN Performance Share Plan

Nature of interest:               Direct beneficial



Name of director:                  Modupe Kadri

Office held:                       Director of a major subsidiary


Name of Company:                   MTN Nigeria Communications PLC

Date of transaction:               24 March 2021

Number of shares sold:              23 775

Class of security:                 MTN ordinary shares of 0.01
                                   cents each

Market price at which shares       R84.95
were sold
Total value of the transaction:    R 2 019 686
Nature of transaction:           On-market sale of shares awarded
                                 to employee in accordance with
                                 the MTN Performance Share Plan

Nature of interest:              Direct beneficial



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
29 March 2021
Lead Sponsor
J.P. Morgan Equities South Africa Proprietary Limited
Joint Sponsor
Tamela Holdings Proprietary Limited

Date: 29-03-2021 02:23:00
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