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MTN
MTN
MTN - MTN Group Limited - Dealing in securities by a
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 Group")
DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY
In compliance with paragraphs 3.63 - 3.74 of the Listings
Requirements of the JSE Limited we hereby disclose the
following share dealings in MTN Group securities by the
under mentioned director of a major subsidiary:
Name of Director of a Mr A Farroukh
major subsidiary:
Name of subsidiary: MTN Nigeria Communications
Limited
Date of transactions: 26 August 2010
Number of share 111 160
appreciation rights
exercised:
Offer price (per share): R71.00
Number of shares received 46 942
in respect of
appreciation rights
exercised:
Total value of R7 892 360.00
appreciation rights
exercised:
Offer date: 21 November 2006
Vesting periods: 20% of total allocation on 21
November 2008
20% of total allocation on 21
November 2009
30% of total allocation on 21
November 2010
30% of total allocation on 21
November 2011
Sale price (per share): R119.00
Number of shares sold: 46 942
Total value of shares R5 586 098.00
sold:
Class of security: Ordinary shares of 0.01 cents
each
Nature of transactions: Exercise of share appreciation
rights, as well as the purchase
of shares on market following the
exercise of share appreciation
rights and the subsequent sale of
shares by a director of a major
subsidiary
Nature of interest: Direct 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 Listing Requirements of the JSE
Limited.
Fairland
27 August 2010
Sponsor
Deutsche Securities (SA) (Pty) Limited
Date: 27/08/2010 17:29:01 Produced by the JSE SENS Department.
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