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MTN GROUP LIMITED - Feedback on engagement with shareholders

Release Date: 06/06/2018 17:25
Code(s): MTN     PDF:  
Wrap Text
Feedback on engagement with shareholders

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


FEEDBACK ON ENGAGEMENT WITH SHAREHOLDERS

Further to the announcement released on the Stock Exchange News Service of the JSE on
Monday, 28 May 2018 relating to MTN’s invitation to shareholders to engage with the Company
on the remuneration implementation report, shareholders are advised that the telephone
conference took place on Tuesday, 05 June 2018 and the details are as follows:

    1. Two shareholders, collectively holding approximately 0.001% of the issued share capital
       of the company (on behalf of its clients) in MTN, participated in the telephone conference
       (“participating shareholders”);

    2. The participating shareholders raised certain concerns regarding the Company’s
       disclosure of the implementation of the remuneration policy;

    3. The Company has provided appropriate explanations to the participating shareholders;
       and

    4. Has further undertaken to formally table the abovementioned areas of concern at its next
       remuneration committee meeting for consideration. The Company will also disclose in its
       2018 financial year end integrated report the nature and steps taken to address concerns
       raised by the shareholders.


06 June 2018

Sponsor
Deutsche Securities (SA) Proprietary Limited

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