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MTN
MTN
MTN - MTN Group Limited - Allocation of MTN Group 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 SHARES IN ACCORDANCE WITH THE PERFORMANCE SHARE PLAN
In accordance with paragraph 3.63 of the JSE Limited Listings Requirements
("Listings Requirements"), shareholders are advised that the following executive
directors, directors of major subsidiaries and the company secretaries of MTN
and Mobile Telephone Networks (Pty) Ltd (major subsidiary company) 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 December 2011
Number of options awarded 111,600 shares are subject to
performance conditions
Class of security MTN ordinary shares of 0.01 cents
each
Market price at which options R142.12
were awarded
Total value of shares R15,865,263.41
Vesting period Three years 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 December 2011
Number of options awarded 57,000 shares are subject to
performance conditions
Class of security MTN ordinary shares of 0.01 cents
each
Market price at which options R142.12
were awarded
Total value of shares R8,101,986.01
Vesting period Three years 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 December 2011
Number of options awarded 9,005 shares are subject to
performance conditions
Class of security MTN ordinary shares of 0.01 cents
each
Market price at which options R142.12
were awarded
Total value of shares R1,284,082.53
Vesting period Three years 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 December 2011
Number of options awarded 36,100 shares are subject to
performance conditions
Class of security MTN ordinary shares of 0.01 cents
each
Market price at which options R142.12
were awarded
Total value of shares R5,133,715.99
Vesting period Three years 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 KL Shuenyane
Name of the subsidiary company Mobile Telephones Networks (Pty)
Ltd
Date of transaction: 29 December 2011
Number of options awarded 35,300 shares are subject to
performance conditions
Class of security MTN ordinary shares of 0.01 cents
each
Market price at which options R142.12
were awarded
Total value of shares R5,015,380.25
Vesting period Three years 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 KW Pienaar
Name of the subsidiary company Mobile Telephones Networks (Pty)
Ltd
Date of transaction 29 December 2011
Number of options awarded 24,200 shares are subject to
performance conditions
Class of security MTN ordinary shares of 0.01 cents
each
Market price at which options R142.12
were awarded
Total value of shares R3,444,272.00
Vesting period Three years 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 company secretary MML Mokoka
Name of the subsidiary company Mobile Telephones Networks (Pty)
Ltd
Date of transaction 29 December 2011
Number of options awarded 6,400 shares are subject to
performance conditions
Class of security MTN ordinary shares of 0.01 cents
each
Market price at which options R142.12
were awarded
Total value of shares R910,800.00
Vesting period Three years 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 IS Sehoole
Name of the subsidiary company Mobile Telephones Networks (Pty)
Ltd
Date of transaction 29 December 2011
Number of options awarded 36,900 shares are subject to
performance conditions
Class of security MTN ordinary shares of 0.01 cents
each
Market price at which options R142.12
were awarded
Total value of shares R5,246,360.01
Vesting period Three years 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 Z Bulbulia
Name of the subsidiary company Mobile Telephones Networks (Pty)
Ltd
Date of transaction 29 December 2011
Number of options awarded 15,300 shares are subject to
performance conditions
Class of security MTN ordinary shares of 0.01 cents
each
Market price at which options R142.12
were awarded
Total value of shares R2,173,305.00
Vesting period Three years 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 A Bing
Name of the subsidiary company MTN Nigeria Communications Limited
Date of transaction 29 December 2011
Number of options awarded 15,600 shares are subject to
performance conditions
Class of security MTN ordinary shares of 0.01 cents
each
Market price at which options R142.12
were awarded
Total value of shares R2,220,440.75
Vesting period Three years 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 J Desai
Name of the subsidiary company MTN Nigeria Communications Limited
Date of transaction 29 December 2011
Number of options awarded 43,600 shares are subject to
performance conditions
Class of security MTN ordinary shares of 0.01 cents
each
Market price at which options R142.12
were awarded
Total value of shares R6,191,654.25
Vesting period Three years 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 A Farroukh
Name of the subsidiary company MTN Nigeria Communications Limited
Date of transaction 29 December 2011
Number of options awarded 42,900 shares are subject to
performance conditions
Class of security MTN ordinary shares of 0.01 cents
each
Market price at which options R142.12
were awarded
Total value of shares R6,099,241.50
Vesting period Three years 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
13. Name of director B Goschen
Name of the subsidiary company MTN Nigeria Communications Limited
Date of transaction 29 December 2011
Number of options awarded 22,300 shares are subject to
performance conditions
Class of security MTN ordinary shares of 0.01 cents
each
Market price at which options R142.12
were awarded
Total value of shares R3,168,437.14
Vesting period Three years 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 December 2011
Sponsor
Deutsche Securities (SA) (Pty) Limited
Date: 30/12/2011 12:45:00 Produced by the JSE SENS Department.
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