SENS Note - 22 December 2014 |
MTN GROUP LIMITED - Allocation of MTN Group shares in accordance with the Performance Share Plan |
MTN 201412220055A Allocation of MTN Group shares in accordance with the Performance Share Plan MTN Group Limited (Incorporated in the Republic of South Africa) Registration number 1994/009584/06 Share code: MTN ISIN code: ZAE000042164 ("MTN" or "the MTN Group") ALLOCATION OF MTN GROUP SHARES IN ACCORDANCE WITH THE PERFORMANCE SHARE PLAN In accordance with paragraph 3.63 of the JSE Limited Listings Requirements ("Listings Requirements"), shareholders are advised that the following executive directors and company secretary of MTN as well as directors of major subsidiaries of MTN were awarded shares in terms of the MTN’s Performance Share Plan, the salient details of which are set out below: 1. Name of director RS Dabengwa Name of the company MTN Date of transaction 19 December 2014 Number of shares awarded 83 100 shares are subject to performance conditions Class of security MTN ordinary shares of 0.01 cents each Market price per share at R224.00 which options were awarded Total value of shares R18 614 400 Vesting period Three years from award date Nature of transaction Award of shares to employee in accordance with the MTN Performance Share Plan Nature of interest Direct beneficial Clearance Yes 2. Name of director BD Goschen Name of the company MTN Date of transaction 19 December 2014 Number of shares awarded 54 700 shares are subject to performance conditions Class of security MTN ordinary shares of 0.01 cents each Market price per share at R224.00 which shares were awarded Total value of shares R12 252 800 Vesting period Three years from award date Nature of transaction Award of shares to employee in accordance with MTN Performance Share Plan Nature of interest Direct beneficial Clearance Yes 3. Name of company secretary SB Mtshali Name of the company MTN Date of transaction 19 December 2014 Number of shares awarded 5800 shares are subject to performance conditions Class of security MTN ordinary shares of 0.01 cents each Market price per share at R224.00 which shares were awarded Total value of shares R 1 299 200 Vesting period Three years from award date Nature of transaction Award of shares to employee in accordance with MTN Performance Share Plan Nature of interest Direct beneficial Clearance Yes 4. Name of director PD Norman Name of the subsidiary Mobile Telephones Networks (Pty) company Ltd Date of transaction: 19 December 2014 Number of shares awarded 27 000 shares are subject to performance conditions Class of security MTN ordinary shares of 0.01 cents each Market price per share at R224.00 which options were awarded Total value of shares R6 048 000 Vesting period Three years from award date Nature of transaction Award of shares to employee in accordance with MTN Performance Share Plan Nature of interest Direct beneficial Clearance Yes 5. Name of director KW Pienaar Name of the subsidiary Mobile Telephones Networks (Pty) company Ltd Date of transaction 19 December 2014 Number of shares awarded 29 100 shares are subject to performance conditions Class of security MTN ordinary shares of 0.01 cents each Market price per share at R224.00 which options were awarded Total value of shares R6 518 400 Vesting period Three years from award date Nature of transaction Award of shares to employee in accordance with MTN Performance Share Plan Nature of interest Direct beneficial Clearance Yes 6. Name of director M Fleischer Name of the subsidiary Mobile Telephones Networks (Pty) company Ltd Date of transaction 19 December 2014 Number of shares awarded 30 400 shares are subject to performance conditions Class of security MTN ordinary shares of 0.01 cents each Market price per share at R224.00 which shares were awarded Total value of shares R6 809 600 Vesting period Three years from award date Nature of transaction Award of shares to employee in accordance with MTN Performance Share Plan Nature of interest Direct beneficial Clearance Yes 7. Name of director A Farroukh Name of the subsidiary Mobile Telephones Networks (Pty) company Ltd Date of transaction 19 December 2014 Number of options awarded 43 900 shares are subject to performance conditions Class of security MTN ordinary shares of 0.01 cents each Market price per share at R224.00 which shares were awarded Total value of shares R 9 833 600 Vesting period Three years from award date Nature of transaction Award of shares to employee in accordance with MTN Performance Share Plan Nature of Interest Direct beneficial Clearance Yes 8. Name of director PG Sibiya Name of the subsidiary Mobile Telephones Networks (Pty) company Ltd Date of transaction 19 December 2014 Number of shares awarded 15 700 shares are subject to performance conditions Class of security MTN ordinary shares of 0.01 cents each Market price per share at R224.00 which options were awarded Total value of shares R3 516 800 Vesting period Three years from award date Nature of transaction Award of shares to employee in accordance with MTN Performance Share Plan Nature of interest Direct beneficial Clearance Yes 9. Name of director M Ikpoki Name of the subsidiary MTN Nigeria Communications company Limited Date of transaction 19 December 2014 Number of shares awarded 37 400 shares are subject to performance conditions Class of security MTN ordinary shares of 0.01 cents each Market price per share at R224.00 which shares were awarded Total value of shares R8 377 600 Vesting period Three years from award date Nature of transaction Award of shares to employee in accordance with MTN Performance Share Plan Nature of interest Direct beneficial Clearance Yes 10. Name of director F Moolman Name of the subsidiary MTN Nigeria Communications company Limited Date of transaction 19 December 2014 Number of shares awarded 15 700 shares are subject to performance conditions Class of security MTN ordinary shares of 0.01 cents each Market price per share at R224.00 which options were awarded Total value of shares R3 516 800 Vesting period Three years from award date Nature of transaction Award of shares to employee in accordance with MTN Performance Share Plan Nature of interest Direct beneficial Clearance Yes 11. Name of director JA Desai Name of the subsidiary MTN Nigeria Communications company Limited Date of transaction 19 December 2014 Number of shares awarded 44 500 shares are subject to performance conditions Class of security MTN ordinary shares of 0.01 cents each Market price per share at R224.00 which options were awarded Total value of shares R9 680 000 Vesting period Three years from award date Nature of transaction Award of shares to employee in accordance with MTN Performance Share Plan Nature of interest Direct beneficial Clearance Yes Fairland 22 December 2014 Sponsor Deutsche Securities (SA) Proprietary Limited Date: 22/12/2014 05:30:00 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. |