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MTN
MTN
MTN - MTN Group Limited - 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, 4 April 2007 and 3 December 2007 regarding the forward purchase and zero
cost collar concluded over MTN Group shares by a director. The transactions
have now been restructured by the respective director and in accordance with
rules 3.63 - 3.74 of the Listings Requirements of the JSE Limited ("the JSE"),
disclosure of the terms of the restructured and new transactions concluded on 7
October 2008 are set out below.
Name of Director: P F Nhleko
Date of transactions: 7 October 2008
Bought Put at Strike Price of ZAR 122.34 per share
Sold Call at Strike Price of ZAR 129.09 per share
Number of Contracts 4 150 000
Expiry 30 November 2009
Forward Price ZAR 98.25 per share
Term 13 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 above transaction was obtained in accordance
with MTN`s policy with regard to Director`s dealings as well as the Listings
Requirements of the JSE.
Shareholders are further notified of the following transaction entered into by
a director in accordance with rules 3.63 - 3.74 of the Listings Requirements of
the JSE and disclosure of the terms of the new transaction is set out below.
Name of Director: P F Nhleko
Date of transactions: 7 October 2008
Bought Call at Strike Price of ZAR 102.57 per share
Sold Call at Strike Price of ZAR 150.00 per share
Number of Contracts 5 000 000
Expiry 30 March 2009
Class of Security Ordinary Shares of 0.01 cents each
Nature of transaction Conclusion of call spread with commercial
bank
Nature of Interest Beneficial
Prior clearance to enter into the above transaction was obtained in accordance
with MTN`s policy with regard to Director`s dealings as well as the Listings
Requirements of the JSE.
Fairland
9 October 2008
Sponsor
Merrill Lynch South Africa (Pty) Limited
Date: 09/10/2008 17:45:01 Produced by the JSE SENS Department.
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employees and agents accept no liability for (or in respect of) any direct,
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