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Allocation/Award of MTN Group Shares in accordance with the Performance Share Plan 2010 and dealings in securities
MTN Group Limited
(Incorporated in the Republic of South Africa)
Registration number 1994/009584/06
Share code: MTN
ISIN: ZAE000042164
(MTN or MTN Group)
MOBILE TELEPHONE NETWORKS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration No. 1993/001411/06)
(MTN Holdings)
ALLOCATION/AWARD OF MTN GROUP SHARES IN ACCORDANCE WITH THE
PERFORMANCE SHARE PLAN 2010 (MTN PERFORMANCE SHARE PLAN) AND DEALINGS
IN SECURITIES BY DIRECTORS, PRESCRIBED OFFICERS, COMPANY SECRETARIES
OF MTN, MTN HOLDINGS AND ITS MAJOR SUBSIDIARIES
In accordance with paragraph 3.63 of the JSE Limited Listings
Requirements and 6.3(a) of the Debt Listings Requirements,
shareholders and noteholders are advised that the following directors,
company secretaries and prescribed officers of MTN as well as of major
subsidiaries of MTN were awarded and accepted shares, which are
subject to performance conditions, in accordance with the MTN
Performance Share Plan.
The salient details of which are set out below:
1. Name of director & RT Mupita
MTN Prescribed Officer
Name of the company MTN, MTN Holdings,
Mobile Telephone Networks
Proprietary Limited and MTN
Nigeria Communications Plc
Date of transaction 28 December 2023
Number of shares awarded 321,077 shares
Class of security MTN ordinary shares of 0.01
cents each
Market price per share at R115.00
which shares were awarded
Total value of shares R36,923,855.00
Vesting period Three years from award date
Nature of transaction Off-market award of shares to
employee
Nature of interest Direct beneficial
Clearance Yes
2. Name of director & TB Molefe
Prescribed Officer
Name of the company MTN, MTN Holdings,
Mobile Telephone Networks
Proprietary Limited and MTN
Nigeria Communications Plc
Date of transaction 28 December 2023
Number of shares awarded 171,738 shares
Class of security MTN ordinary shares of 0.01
cents each
Market price per share at R115.00
which shares were awarded
Total value of shares R19,749,870.00
Vesting period Three years from award date
Nature of transaction Off-market award of shares to
employee
Nature of interest Direct beneficial
Clearance Yes
3. Name of director & J Schulte-Bockum
Prescribed Officer
Name of the subsidiary Mobile Telephone Networks
company Proprietary Limited and MTN
Nigeria Communications Plc
Date of transaction 28 December 2023
Number of shares awarded 212,614 Shares
Class of security MTN ordinary shares of 0.01
cents each
Market price per share at R115.00
which shares were awarded
Total value of shares R24,450,610.00
Vesting period Three years from award date
Nature of transaction Off-market award of shares to
employee
Nature of interest Direct beneficial
Clearance Yes
4. Name of director PD Norman
Name of the subsidiary Mobile Telephones Networks
company Proprietary Limited
Date of transaction 28 December 2023
Number of shares awarded 86,431 shares
Class of security MTN ordinary shares of 0.01
cents each
Market price per share at R115.00
which shares were awarded
Total value of shares R9,939,565.00
Vesting period Three years from award date
Nature of transaction Off-market award of shares to
employee
Nature of Interest Direct beneficial
Clearance Yes
5. Name of director K Toriola
Name of the subsidiary MTN Nigeria Communications Plc
company
Date of transaction 28 December 2023
Number of shares awarded 108,375 shares
Class of security MTN ordinary shares of 0.01
cents each
Market price per share at R115.00
which shares were awarded
Total value of shares R12,463,125.00
Vesting period Three years from award date
Nature of transaction Off-market award of shares to
employee
Nature of interest Direct beneficial
Clearance Yes
6. Name of director C Molapisi
Name of company Mobile Telephones Networks
Proprietary Limited
Date of transaction 28 December 2023
Number of shares awarded 144,529 shares
Class of security MTN ordinary shares of 0.01
cents each
Market price per share at R115.00
which shares were awarded
Total value of shares R16,620,835.00
Vesting period Three years from award date
Nature of transaction Off-market award of shares to
employee
Nature of interest Direct beneficial
Clearance Yes
7. Name of director FJ Moolman
Name of the subsidiary Mobile Telephone Networks
company Proprietary Limited and MTN
Nigeria Communications Plc
Date of transaction 28 December 2023
Number of shares awarded 98,635 shares
Class of security MTN ordinary shares of 0.01
cents each
Market price per share at
which shares were awarded R115.00
Total value of shares R11,343,025.00
Vesting period Three years from award date
Nature of transaction Off-market award of shares to
employee
Nature of interest Direct beneficial
Clearance Yes
8. Name of director D Molefe
Name of the subsidiary Mobile Telephone Networks
company Proprietary Limited
Date of transaction 28 December 2023
Number of shares awarded 51,174 shares
Class of security MTN ordinary shares of 0.01
cents each
Market price per share at R115.00
which shares were awarded
Total value of shares R5,885,010.00
Vesting period Three years from award date
Nature of transaction Off-market award of shares to
employee
Nature of interest Direct beneficial
Clearance Yes
9. Name of Director M Mroue
Name of the subsidiary MTN Nigeria Communications Plc
company
Date of transaction 28 December 2023
Number of shares awarded 125,249 shares
Class of security MTN ordinary shares of 0.01
cents each
Market price per share at R115.00
which shares were awarded
Total value of shares R14,403,635.00
Vesting period Three years from award date
Nature of transaction Off-market award of shares to
employee
Nature of interest Direct beneficial
Clearance Yes
10. Name of company secretary T Sishuba-Bonoyi
Name of company MTN and MTN Holdings
Date of transaction 28 December 2023
Number of shares awarded 32,412 shares
Class of security MTN ordinary shares of 0.01
cents each
Market price per share at R115.00
which shares were awarded
Total value of shares R3,727,380.00
Vesting period Three years from award date
Nature of transaction Off-market award of shares to
employee
Nature of interest Direct beneficial
Clearance Yes
11. Name of company secretary M Rantofi
Name of company Mobile Telephone Networks
Proprietary Limited
Date of transaction 28 December 2023
Number of shares awarded 15,693 shares
Class of security MTN ordinary shares of 0.01
cents each
Market price per share at R115.00
which shares were awarded
Total value of shares R1,804,695.00
Vesting period Three years from award date
Nature of transaction Off-market award of shares to
employee
Nature of interest Direct beneficial
Clearance Yes
12. Name of prescribed officer E Asante
Name of company MTN
Date of transaction 28 December 2023
Number of shares awarded 206,556 shares
Class of security MTN ordinary shares of 0.01
cents each
Market price per share at R115.00
which shares were awarded
Total value of shares R23,753,940.00
Vesting period Three years from award date
Nature of transaction Off-market award of shares to
employee
Nature of interest Direct beneficial
Clearance Yes
Additional Allocation for E Asante
Date of transaction 28 December 2023
Number of shares awarded 41,300 shares
Class of security MTN ordinary shares of 0.01 cents
each
Market price per share at R130.70
which shares were awarded
Total value of shares R5,397,910.00
Vesting period Three years from award date
Nature of transaction Off-market award of shares to
employee
Nature of interest Direct beneficial
Clearance Yes
*Additional Allocation made to correct an omission arising from the 2022 PSP Allocation. Price per
share as at 09 December 2022.
Fairland
29 December 2023
Lead Sponsor
Tamela Holdings Proprietary Limited
Joint Sponsor
Debt Sponsor
Standard Bank Limited
Date: 29-12-2023 12:45:00
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