TKG
TKG
TKG - Telkom Conditional Share Plan ("TCSP")
Telkom SA Limited
Incorporated in the Republic of South Africa
Registration number: 1991/005476/06
JSE and NYSE Share code: TKG
ISIN: ZAE 000044897
("Telkom" or "the Company")
Telkom Conditional Share Plan ("TCSP")
Shareholders are referred to the resolution approved by shareholders at the
general meeting of the Company on 26 March 2009 relating to the amendment to the
Telkom Conditional Share Plan (see the SENS announcement of the same date). The
effect of this resolution was that, in the light of the Vodacom sale and
unbundling, shares due to employees in June 2009 and June 2010 would vest prior
to the sale and unbundling.
The Company announces that six senior executives have agreed that the total of
the early vesting benefits relating to their June 2010 shares will be realised
and utilised in purchasing Telkom shares on the JSE. These shares will then be
warehoused and will vest in June 2010.
Through this agreement the interests of these executives are fully aligned with
Telkom shareholders, at no additional cost to the Company.
The executive directors are:
The Chief Executive Officer - Mr Reuben September.
The Chief Financial Officer - Mr Peter Nelson.
The four senior executives are:
The Chief of Corporate Governance - Advocate Ouma Rasethaba
The Chief of Human Resources - Ms Charlotte Mokoena
The Chief of Strategy - Mr Naas Fourie
The Chief of Global Operations and Subsidiaries - Mr Thami Msimango
PRETORIA
31 March 2009
Transaction Sponsor to Telkom SA Limited
JP Morgan Equities Limited
Date: 31/03/2009 17:00:01 Produced by the JSE SENS Department.
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