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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 JSE
Limited we hereby disclose the following share dealings in MTN Group securities
by the under mentioned directors of major subsidiaries:
Name of director of a major Mr PD Norman
subsidiary:
Name of subsidiary: Mobile Telephone Networks (Pty) Ltd
Date of transactions: 1 December 2010
Number of share options exercised: 100 080
Option strike price (per share): R9.31
Total value of options exercised: R931 744.80
Offer date: 2 September 2002
Vesting periods: 20% of total allocation on 02 September
2004
20% of total allocation on 02 September
2005
30% of total allocation on 02 September
2006
30% of total allocation on 02 September
2007
Purchase price (per share): R125.07
Total value of shares purchased: R12 517 005.60
Class of security: Ordinary shares of 0.01 cents each
Nature of transactions: Exercise of share options and the
subsequent delivery of shares to the
director to satisfy the MTN Share Option
Scheme`s obligations
Nature of interest: Direct Beneficial
Name of director of a major Mr AR Bing
subsidiary:
Name of subsidiary: MTN Nigeria Communications Limited
Date of transactions: 1 December 2010
Number of share options exercised: 7 290
Option strike price (per share): R9.31
Total value of options exercised: R67 869.90
Offer date: 2 September 2002
Vesting periods: 20% of total allocation on 02 September
2004
20% of total allocation on 02 September
2005
30% of total allocation on 02 September
2006
30% of total allocation on 02 September
2007
Purchase price (per share): R125.07
Total value of shares sold: R911 760.30
Class of security: Ordinary shares of 0.01 cents each
Nature of transactions: Exercise of share options and the
subsequent delivery of shares to the
director to satisfy the MTN Share Option
Scheme`s obligations
Nature of interest: Direct Beneficial
Name of director of a major Mr AR Bing
subsidiary:
Name of subsidiary: MTN Nigeria Communications Limited
Date of transactions: 1 December 2010
Number of share options exercised: 26 680
Option strike price (per share): R40.50
Total value of options exercised: R1 080 540.00
Offer date: 1 December 2004
Vesting periods: 20% of total allocation on 01 December
2006
20% of total allocation on 01 December
2007
30% of total allocation on 01 December
2008
30% of total allocation on 01 December
2009
Purchase price (per share): R125.07
Total value of shares purchased: R3 336 867.60
Class of security: Ordinary shares of 0.01 cents each
Nature of transactions: Exercise of share options and the
subsequent delivery of shares to the
director to satisfy the MTN Share Option
Scheme`s obligations
Nature of interest: Direct Beneficial
Name of director of a major Mr Z Bulbulia
subsidiary:
Name of subsidiary: Mobile Telephone Networks (Pty) Ltd
Date of transactions: 1 December 2010
Number of share options exercised: 64 680
Option strike price (per share): R9.31
Total value of options exercised: R602 170.80
Offer date: 2 September 2002
Vesting periods: 20% of total allocation on 02 September
2004
20% of total allocation on 02 September
2005
30% of total allocation on 02 September
2006
30% of total allocation on 02 September
2007
Sale price (per share): R123.5879
Total value of shares sold: R7 993 665.37
Class of security: Ordinary shares of 0.01 cents each
Nature of transactions: Exercise of share options, and the
subsequent sale of shares on market by
director of a major subsidiary to
satisfy the MTN Share Option Scheme`s
obligations
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 Listings Requirements
of JSE Limited.
Fairland
2 December 2010
Sponsor
Deutsche Securities (SA) (Pty) Limited
Date: 02/12/2010 17:25:01 Produced by the JSE SENS Department.
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