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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 "the MTN Group")
ALLOCATION/AWARD 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 ("Listings Requirements"), shareholders are advised
that the following directors of MTN as well as directors of
major subsidiaries of MTN and an associate of a director of a
major subsidiary 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 director RA Shuter
Name of the company MTN
Date of transaction: 28 December 2018
Number of shares awarded 436 600
Class of security MTN ordinary shares of 0.01 cents
each
Market price per share at R87.79
which shares were awarded
Total value of shares
R38 329 114.00
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 RT Mupita
Name of the company MTN
Date of transaction 28 December 2018
Number of shares awarded 190 200 shares
Class of security MTN ordinary shares of 0.01 cents
each
Market price per share at R87.79
which shares were awarded
Total value of shares
R16 697 658.00
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 J Schulte-Bockum
Name of the subsidiary Mobile Telephone Networks
company Proprietary Limited and MTN
Nigeria Communications Limited
Date of transaction 28 December 2018
Number of shares awarded 205 500
Class of security MTN ordinary shares of 0.01 cents
each
Market price per share at R87.79
which shares were awarded
Total value of shares R18 040 845.00
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 PD Norman
Name of the subsidiary Mobile Telephones Networks
company Proprietary Limited and MTN
Nigeria Communications Limited
Date of transaction 28 December 2018
Number of shares awarded 94 600 shares
Class of security MTN ordinary shares of 0.01 cents
each
Market price per share at R87.79
which shares were awarded
Total value of shares R8 304 934.00
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 K Toriola
Name of the subsidiary MTN Nigeria Communications
company Limited
Date of transaction 28 December 2018
Number of shares awarded 114 000 shares
Class of security MTN ordinary shares of 0.01 cents
each
Market price per share at R87.79
which shares were awarded
Total value of shares R10 008 060.00
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 2018
Number of shares awarded 112 900
Class of security MTN ordinary shares of 0.01 cents
each
Market price per share at
which shares were awarded R87.79
Total value of shares R9 911 491.00
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 GN Motsa
Name of the subsidiary Mobile Telephone Networks
company Proprietary Limited
Date of transaction 28 December 2018
Number of shares awarded 114 100 shares
Class of security MTN ordinary shares of 0.01 cents
each
Market price per share at R87.79
which shares were awarded
Total value of shares R10 016 839.00
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
8. Name of director SB Ntsele
Name of the subsidiary Mobile Telephone Networks
company Proprietary Limited
Date of transaction 28 December 2018
Number of shares awarded 57 000 shares
Class of security MTN ordinary shares of 0.01 cents
each
Market price per share at R87.79
which shares were awarded
Total value of shares R5 004 030.00
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
9. Name of Associate M Mothapo
Relationship to Director Associate of SB Ntsele
Date of transaction 28 December 2018
Number of shares awarded 6 200 shares
Class of security MTN ordinary shares of 0.01 cents
each
Market price per share at R87.79
which shares were awarded
Total value of shares R544 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 Not Applicable
Fairland
31 December 2018
Lead Sponsor
JP Morgan Proprietary Limited
Joint Sponsor
Tamela Holdings Proprietary Limited
Date: 31/12/2018 10:55:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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