MTN - MTN Group - Dealing In Securities By A Director
MTN
MTN
MTN - MTN Group - 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")
Dealing In Securities By A Director
Shareholders are referred to the announcements released on SENS on 25 May 2006
and 4 April 2007 regarding the forward purchase and zero cost collar concluded
over MTN Group Shares by a director. The transactions were contractually up for
renewal at the end of November 2007. They have now been restructured by the
director and in accordance with rules 3.63 - 3.74 of the Listing Requirements of
the JSE Limited we hereby disclose the terms of the restructured transaction on
29 November 2007.
Name of Director: P F Nhleko
Date of transactions: 29 November 2007
Bought Put at Strike Price of R 131.87 per share
Sold Call at Strike Price of R 171.97 per share
Number of Contracts 4 150 000
Expiry 29 May 2009
Forward Price R 89.74 per share
Term 18 months
Amount of Shares 4 150 000
Class of Security Ordinary Shares of 0.01
cents each
Nature of transaction Conclusion of restructured
forward purchase and new
zero cost collar with
commercial bank
Nature of Interest Beneficial
Prior clearance to enter into the transaction was obtained in accordance with
MTN`s policy with regard to Directors` dealings as well as the JSE Limited
listing requirements.
Fairland
30 November 2007
Sponsor
Merrill Lynch South Africa (Pty) Limited
Date: 03/12/2007 07:19:27 Produced by the JSE SENS Department.
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