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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 major Mr A Bing
subsidiary:
Name of subsidiary: MTN Nigeria Communications Limited
Date of transactions: 4 November 2010
Number of share appreciation 8 440
rights exercised:
Offer price (per share): R96.00
Number of shares received in 1 904
respect of appreciation rights
exercised:
Total value of appreciation R810 240.00
rights exercised:
Offer date: 22 June 2007
Vesting periods: 20% of total allocation on 22 June 2009
20% of total allocation on 22 June 2010
30% of total allocation on 22 June 2011
30% of total allocation on 22 June 2012
Purchase price (per share): R129.90
Number of shares purchased: 1 904
Total value of shares R247 329.60
purchased:
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
and subsequent delivery of shares to the
director in order to satisfy the MTN Share
Appreciation Rights Scheme`s obligations.
Nature of interest: Direct Beneficial
Name of Director of a major Mr A Bing
subsidiary:
Name of subsidiary: MTN Nigeria Communications Limited
Date of transactions: 4 November 2010
Number of share appreciation 1 280
rights exercised:
Offer price (per share): R71.00
Number of shares received in 547
respect of appreciation rights
exercised:
Total value of appreciation R90 880.00
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
Purchase price (per share): R129.90
Number of shares purchased: 547
Total value of shares R71 055.30
purchased:
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
and subsequent delivery of shares to the
director in order to satisfy the MTN Share
Appreciation Rights Scheme`s obligations.
Nature of interest: Direct Beneficial
Name of Director of a major Mr A Bing
subsidiary:
Name of subsidiary: MTN Nigeria Communications Limited
Date of transactions: 4 November 2010
Number of share appreciation 11 340
rights exercised:
Offer price (per share): R56.83
Number of shares received in 6 142
respect of appreciation rights
exercised:
Total value of appreciation R644 452.20
rights exercised:
Offer date: 31 May 2006
Vesting periods: 20% of total allocation on 31 May 2008
20% of total allocation on 31 May 2009
30% of total allocation on 31 May 2010
30% of total allocation on 31 May 2011
Purchase price (per share): R129.90
Number of shares purchased: 6 142
Total value of shares R797 845.80
purchased:
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
and subsequent delivery of shares to the
director in order to satisfy the MTN Share
Appreciation Rights Scheme`s obligations.
Nature of interest: Direct Beneficial
Name of Director of a major Mr A Bing
subsidiary:
Name of subsidiary: MTN Nigeria Communications Limited
Date of transactions: 5 November 2010
Sale price per share: R127.75
Number of shares sold: 6 000
Total value of shares sold: R766 500.00
Class of security: Ordinary shares of 0.01 cents each
Nature of transactions: Sale of shares on market by director
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
8 November 2010
Sponsor
Deutsche Securities (SA) (Pty) Limited
Date: 08/11/2010 16:47:01 Produced by the JSE SENS Department.
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