|
|
|
Fri 13 Jun 2025
Close: 13 250c 
Day's move: -174c (-1.30%)
Volume: 14 041 001
Trades: 16 619
|
|
|
|
MTN - unwind of MTN Zakhele Futhi (MTNZF) scheme
The MTNZF board of directors (MTNZF Board) has the discretion to realise value during the three-year Scheme Extension period by either partially or fully unwinding the Scheme and settling the (i) third-party preference share funding and (ii) the notional vendor funding, provided by MTN (together, the Funding Obligations) (together, the Unwind). While the Funding Obligations remain outstanding, MTNZF requires the consent of the relevant funders, including MTN, to implement an Unwind or any derivative transaction.
Shareholders were advised that the MTNZF board has determined that this is an opportune time to fully Unwind the Scheme and settle its Funding Obligations. As a result and having received the relevant funder and MTN consents, MTNZF has announced an accelerated bookbuild offering (the Placement) of 23 768 040 MTN ordinary shares held by MTNZF (the Placement Shares) and placed at a price of R128.00 per share, representing a 2.8% discount to the prior day's closing price of R131.74 per MTN ordinary share and a 2.8% premium to the 30-day volume-weighted average price per MTN ordinary share of R124.49 as at market close on 11 June 2025. The Placement Shares represent approximately 1.26% of the total issued ordinary shares of MTN.
|
|
Click here for original article
|
| |
MTN - engagement with dissenting shareholders
MTN informed shareholders (Shareholders) that the non-binding advisory ordinary resolution number 8 concerning the remuneration implementation report (Implementation Report) did not achieve the necessary 75% support at the MTN Annual General Meeting held on Friday, 28 May 2025.
MTN invited Shareholders, particularly those who expressed dissent by voting against the resolution, to engage with the Company regarding their concerns or recommendations pertaining to the Implementation Report.
|
|
Click here for original article
|
| |
MTN - results of annual general meeting
At the 30th Annual General Meeting (AGM) held on Thursday, 29 May 2025 at 14:30 (South African time), all the ordinary and special resolutions, as set out in the notice of AGM dated 25 April 2025, were presented to the shareholders entitled to vote being present in person/virtually and/or represented by proxy.
Shareholders are further advised that due to ordinary resolution number 8, relating to the non-binding advisory vote on the Company's remuneration implementation report, being voted against by more than 25% of the voting rights exercised at the AGM, an invitation will be extended to dissenting shareholders to engage with the Company. Further details on the shareholder engagements will be announced on the Stock Exchange News Service of the JSE Ltd. in due course.
|
|
Click here for original article
|
| |
| |
| Click here for full news archive for this company |
|
| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
| |
|
|
