Director Dealing - 18 June 2013 |
MTN GROUP LIMITED - Dealing in securities by a dir |
MTN 201306180050A Dealing in securities by a director 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 A DIRECTOR In compliance with paragraphs 3.63 – 3.74 of the Listings Requirements of the JSE Limited, we hereby disclose the following share dealings in MTN Group securities by the under-mentioned director: Name of Director: Mr RS Dabengwa Date of transaction: 13 June 2013 Number of share options exercised: 90 000 Options strike price(per share): R27.00 Total value of options exercised: R2 430 000.00 Offer date: 01 December 2003 Vesting Period: 20% of total allocation on 01 December 2005 20% of total allocation on 01 December 2006 30% of total allocation on 01 December 2007 30% of total allocation on 01 December 2008 Highest price of shares sold: R175.26 Lowest price of shares sold: R170.30 VWAP of shares sold: R172.1017 Number of shares sold: R90 000 Total value of shares sold: R15 489 153.00 Class of security: Ordinary shares of 0.01 cents each Nature of transaction: Exercise of Share Options and the subsequent on-market sale of shares by the Director Nature of interest: Direct Beneficial Name of Director: Mr RS Dabengwa Date of transaction: 14 June 2013 Number of share options exercised: 41 100 Options strike price (per share): R27.00 Total value of options exercised: R1 109 700.00 Offer date: 01 December 2003 Vesting Period: 20% of total allocation on 01 December 2005 20% of total allocation on 01 December 2006 30% of total allocation on 01 December 2007 30% of total allocation on 01 December 2008 Highest price of shares sold: R178.50 Lowest price of shares sold: R177.00 VWAP of shares sold: R177.3205 Number of shares sold: 41 100 Total value of shares sold: R7 287 872.55 Class of security: Ordinary shares of 0.01 cents each Nature of transaction: Exercise of Share Options and the subsequent on-market sale of shares by the Director Nature of interest: Direct 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 Listings Requirements of the JSE Limited. In terms of the rules of the MTN Share Options Scheme, the Share Options must be exercised within a 10 (ten) year period from the date of offer, if they are not exercised within that period they will lapse. Accordingly Mr Dabengwa has elected to exercise his Share Options. Fairland 18 June 2013 Sponsor Deutsche Securities (SA) Proprietary Limited Date: 18/06/2013 04:36:00 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. |