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MTN - ALLOCATION/AWARD OF MTN GROUP SHARES IN ACCORDANCE WITH THE PERFOMANCE SHARE PLAN 2010
MTN Group Limited
(Incorporated in the Republic of South Africa)
Registration Number 1994/009584/06
Share code: MTN
ISIN: ZAE000042164
(“MTN”)
ALLOCATION/AWARD OF MTN GROUP SHARES IN ACCORDANCE WITH THE PERFOMANCE SHARE PLAN 2010 (“MTN
PERFOMANCE 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 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 20 December 2019
Number of shares awarded 457 100 shares
Class of security MTN ordinary shares of 0.01 cents each
Market price per share at R86.88
which shares were awarded
Total value of shares R39 712 848
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 20 December 2019
Number of shares awarded 223 300 shares
Class of security MTN ordinary shares of 0.01 cents each
Market price per share at R86.88
which shares were awarded
Total value of shares R19 400 304
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 company Mobile Telephone Networks Proprietary Limited and MTN
Nigeria Communications Limited
Date of transaction 20 December 2019
Number of shares awarded 216 400 shares
Class of security MTN ordinary shares of 0.01 cents each
Market price per share at R86.88
which shares were awarded
Total value of shares R18 800 832
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 company Mobile Telephone Networks Proprietary Limited and MTN
Nigeria Communications Limited
Date of transaction 20 December 2019
Number of shares awarded 100 900 shares
Class of security MTN ordinary shares of 0.01 cents each
Market price per share at R86.88
which shares were awarded
Total value of shares R8 766 192
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 company MTN Nigeria Communications Limited
Date of transaction 20 December 2019
Number of shares awarded 120 800 shares
Class of security MTN ordinary shares of 0.01 cents each
Market price per share at R86.88
which shares were awarded
Total value of shares R10 495 104
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 company MTN Nigeria Communications Limited
Date of transaction 20 December 2019
Number of shares awarded 117 300 shares
Class of security MTN ordinary shares of 0.01 cents each
Market price per share at R86.88
which shares were awarded
Total value of shares R10 191 024
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 company Mobile Telephone Networks Proprietary Limited
Date of transaction 20 December 2019
Number of shares awarded 121 800 shares
Class of security MTN ordinary shares of 0.01 cents each
Market price per share at R86.88
which shares were awarded
Total value of shares R10 581 984
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 S Perumal
Name of the company Mobile Telephone Networks Proprietary Limited
Date of transaction 20 December 2019
Number of shares awarded 56 200 shares
Class of security MTN ordinary shares of 0.01 cents each
Market price per share at R86.88
which shares were awarded
Total value of shares R4 882 656
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 Company Secretary PT Sishuba-Bonoyi
Name of the company MTN
Date of transaction 20 December 2019
Number of shares awarded 36 800 shares
Class of security MTN ordinary shares of 0.01 cents each
Market price per share at R86.88
which shares were awarded
Total value of shares R3 197 184
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
Prior clearances to deal in these shares were obtained in accordance with MTN`s policy with regard to director`s dealings as
well as the Listings Requirements of the JSE Limited.
Fairland
23 December 2019
Lead sponsor
Tamela Holdings Proprietary Limited
Joint sponsor
J.P. Morgan Equities Proprietary Limited
Date: 23-12-2019 02:51:00
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