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MTN
MTN
MTN - MTN Group Limited - Allocation of MTN Group Limited shares in accordance
with the performance share plan
MTN Group Limited
(Incorporated in the Republic of South Africa)
Registration number 1994/009584/06
Share code: MTN
ISIN code: ZAE000042164
("MTN" or "the MTN Group")
ALLOCATION OF MTN GROUP LIMITED SHARES IN ACCORDANCE WITH THE PERFORMANCE SHARE
PLAN
In accordance with paragraph 3.63 of the JSE Limited Listings Requirements,
shareholders are advised that the following executive directors, directors of
major subsidiaries and the company secretary of MTN were awarded shares in terms
of the MTN`s employee share scheme, the salient details of which are set out
below:
1. Name of director RS Dabengwa
Name of the company MTN
Date of transaction 29 June 2011
Number of options awarded 107,800, shares are subject to
performance conditions
Class of security MTN ordinary shares of 0.01 cents each
Market price at which options R140.50
were awarded
Total value of shares R15, 141,400
Vesting period 30 months from award date
Nature of transaction Award of shares to employee in
accordance with MTN Performance Share
Plan
Nature of interest Direct beneficial
Clearance Yes
2. Name of director NI Patel
Name of the company MTN
Date of transaction 29 June 2011
Number of options awarded 57,700, shares are subject to
performance conditions
Class of security MTN ordinary shares of 0.01 cents each
Market price at which options R140.50
were awarded
Total value of shares R8, 101,986
Vesting period 30 months from award date
Nature of transaction Award of shares to employee in
accordance with MTN Performance Share
Plan
Nature of interest Direct beneficial
Clearance Yes
3. Name of company secretary SB Mtshali
Name of the company MTN
Date of transaction 29 June 2011
Number of options awarded 6, 500, shares are subject to
performance conditions
Class of security MTN ordinary shares of 0.01 cents each
Market price at which options R140.50
were awarded
Total value of shares R913, 181
Vesting period 30 months from award date
Nature of transaction Award of shares to employee in
accordance with MTN
Nature of interest Direct beneficial Performance Share
Plan
Clearance Yes
4. Name of director PD Norman
Name of the subsidiary company Mobile Telephones Networks (Pty) Ltd
Date of transaction: 29 June 2011
Number of options awarded 36,500, shares are subject to
performance conditions
Class of security MTN ordinary shares of 0.01 cents each
Market price at which options R140.50
were awarded
Total value of shares R5, 133,716
Vesting period 30 months from award date
Nature of transaction Award of shares to employee in
accordance with MTN Performance Share
Plan
Nature of interest Direct beneficial
Clearance Yes
5. Name of director KW Pienaar
Name of the subsidiary company Mobile Telephones Networks (Pty) Ltd
Date of transaction 29 June 2011
Number of options awarded 31,500, shares are subject to
performance conditions
Class of security MTN ordinary shares of 0.01 cents each
Market price at which options R140.50
were awarded
Total value of shares R4, 422, 838
Vesting period 30 months from award date
Nature of transaction Award of shares to employee in
accordance with MTN Performance Share
Plan
Nature of interest Direct beneficial
Clearance Yes
6. Name of director Z Bulbulia
Name of the subsidiary company Mobile Telephones Networks (Pty) Ltd
Date of transaction 29 June 2011
Number of options awarded 18,500, shares are subject to
performance conditions
Class of security MTN ordinary shares of 0.01 cents each
Market price at which options R140.50
were awarded
Total value of shares R2, 594,872
Vesting period 30 months from award date
Nature of transaction Award of shares to employee in
accordance with MTN Performance Share
Plan
Nature of interest Direct beneficial
Clearance Yes
7. Name of director IS Sehoole
Name of the subsidiary company Mobile Telephones Networks (Pty) Ltd
Date of transaction 29 June 2011
Number of options awarded 37,300, shares are subject to
performance conditions
Class of security MTN ordinary shares of 0.01 cents each
Market price at which options R140.50
were awarded
Total value of shares R5, 246,360
Vesting period 30 months from award date
Nature of transaction Award of shares to employee in
accordance with MTN Performance Share
Plan
Nature of interest Direct beneficial
Clearance Yes
8. Name of director A Bing
Name of the subsidiary company MTN Nigeria Communications Limited
Date of transaction 29 June 2011
Number of options awarded 20,600, shares are subject to
performance conditions
Class of security MTN ordinary shares of 0.01 cents each
Market price at which options R140.50
were awarded
Total value of shares R2, 887,562
Vesting period 30 months from award date
Nature of transaction Award of shares to employee in
accordance with MTN Performance Share
Plan
Nature of interest Direct beneficial
Clearance Yes
9. Name of director C de Faria
Name of the subsidiary company MTN Nigeria Communications Limited
Date of transaction 29 June 2011
Number of options awarded 45,200, shares are subject to
performance conditions
Class of security MTN ordinary shares of 0.01 cents each
Market price at which options R140.50
were awarded
Total value of shares R6, 355,243
Vesting period 30 months from award date
Nature of transaction Award of shares to employee in
accordance with MTN Performance Share
Plan
Nature of interest Direct beneficial
Clearance Yes
10. Name of director J Desai
Name of the subsidiary company MTN Nigeria Communications Limited
Date of transaction 29 June 2011
Number of options awarded 45,200, shares are subject to
performance conditions
Class of security MTN ordinary shares of 0.01 cents each
Market price at which options R140.50
were awarded
Total value of shares R6, 355,243
Vesting period 30 months from award date
Nature of transaction Award of shares to employee in
accordance with MTN Performance Share
Plan
Nature of interest Direct beneficial
Clearance Yes
11. Name of director A Farroukh
Name of the subsidiary company MTN Nigeria Communications Limited
Date of transaction 29 June 2011
Number of options awarded 44,600, shares are subject to
performance conditions
Class of security MTN ordinary shares of 0.01 cents each
Market price at which options R140.50
were awarded
Total value of shares R6, 260,389
Vesting period 30 months from award date
Nature of transaction Award of shares to employee in
accordance with MTN Performance Share
Plan
Nature of interest Direct beneficial
Clearance Yes
12. Name of director J Ramadan
Name of the subsidiary company Irancell Telecommunication Company
Services (PJSC)
Date of transaction 29 June 2011
Number of options awarded 40,500, shares are subject to
performance conditions
Class of security MTN ordinary shares of 0.01 cents each
Market price at which options R140.50
were awarded
Total value of shares R5, 691, 263
Vesting period 30 months from award date
Nature of transaction Award of shares to employee in
accordance with MTN Performance Share
Plan
Nature of interest Direct beneficial
Clearance Yes
MTN confirms that the shares to be used for allocation will be purchased on the
market.
Fairland
30 June 2011
Sponsor
Deutsche Securities (SA) (Pty) Limited
Date: 30/06/2011 17:45:01 Produced by the JSE SENS Department.
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