SENS Note - 06 June 2018
MTN - feedback on shareholders engagement
 
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:
  • 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”);
  • The participating shareholders raised certain concerns regarding the company’s disclosure of the implementation of the remuneration policy;
  • The company has provided appropriate explanations to the participating shareholders; and
  • 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.
 
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