MTN - MTN Group - Dealing in securities by director of a major subsidiary
MTN
MTN
MTN - MTN Group - Dealing in securities by director of a major subsidiary
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 DIRECTOR OF A MAJOR SUBSIDIARY
In compliance with paragraphs 3.63 - 3.74 of the Listings Requirements of JSE
Limited we hereby disclose the exercise of MTN Group share options, as well as
the purchase of shares following the exercise of the options and the subsequent
sale of MTN shares by the under mentioned director of a major subsidiary:
Name of director: Ms Santie Botha
Date of transactions: 15 April 2009
Number of share options exercised: 250 000
Option strike price (per share): R16.81
Total value of options exercised: R4 202 500.00
Offer date: 7 July 2003
Vesting periods: 20% of total allocation on 07 July 2005
20% of total allocation on 07 July 2006
30% of total allocation on 07 July 2007
30% of total allocation on 07 July 2008
Sale price (per share): R107.5721
Total value of shares sold: R26 893 025.00
Class of security: Ordinary shares of 0.01 cents each
Nature of transactions: Exercise of share options, as well as
the purchase of shares following the
exercise of options and the subsequent
sale of shares by director
Nature of interest: Direct and Beneficial
Prior clearance to deal in these shares was obtained in accordance with MTN`s
policy with regard to director`s dealings as well as the Listings Requirements
of JSE Limited.
Fairland
20 April 2009
Sponsor
Deutsche Securities (SA) (Pty) Limited
Date: 20/04/2009 17:37:39 Produced by the JSE SENS Department.
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