SENS Note - 12 May 2009 |
MTN - MTN Group - Dealing in Securities by Director of a Major Subsidiary |
MTN MTN MTN - MTN Group - Dealing in Securities by Director of a Major Subsidiary MTN Group Limited (Incorporated in the Republic of South Africa) Registration Number 1994/009584/06 Share code: MTN ISIN: ZAE000042164 ("MTN Group") DEALING IN SECURITIES BY DIRECTOR OF A MAJOR SUBSIDIARY In compliance with paragraphs 3.63 - 3.74 of the Listings Requirements of JSE Limited we hereby disclose the following share dealings in MTN Group securities by the under mentioned director of a major subsidiary: Name of Director: Mr C de Faria Date of transactions: 8 May 2009 Number of share appreciation 69 720 rights exercised: Offer price (per share): R71.00 Number of shares received in 27 043 respect of appreciation rights exercised: Total value of appreciation R1 920 053.00 rights exercised: Offer date: 21 November 2006 Vesting periods: 20% of total allocation on 21 November 2008 20% of total allocation on 21 November 2009 30% of total allocation on 21 November 2010 30% of total allocation on 21 November 2011 Sale price (per share): R112.05 Number of shares sold: 27 043 Total value of shares sold: R3 030 168.15 Class of security: Ordinary shares of 0.01 cents each Nature of transactions: Exercise of share appreciation rights, as well as the purchase of shares following the exercise of share appreciation rights and the subsequent sale of shares by a director of a major subsidiary Nature of interest: Direct and Beneficial Prior clearance to deal in these shares was obtained in accordance with MTN`s policy with regard to director`s dealings as well as the Listing Requirements of JSE Limited. Fairland 12 May 2009 Sponsor Deutsche Securities (SA) (Pty) Limited Date: 12/05/2009 17:43:18 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS. |