To view the PDF file, sign up for a MySharenet subscription.

MTN GROUP LIMITED - Dealing in securities

Release Date: 28/08/2019 09:02
Code(s): MTN     PDF:  
Wrap Text
Dealing in securities

MTN Group Limited
(Incorporated in the Republic of South Africa)
Registration number 1994/009584/06
Share code: MTN
ISIN code: ZAE000042164
("MTN" or "the Company")

DEALING IN SECURITIES BY MOBILE TELEPHONE NETWORK HOLDINGS LIMITED
(“MTN HOLDINGS”) A SUBSIDIARY AND AN ASSOCIATE OF MTN


In compliance with paragraphs 3.63 – 3.92 of the JSE Limited Listings
Requirements, we hereby announce the following transaction in MTN
securities on behalf of the 2016 MTN Employee Share Ownership Plan
(“ESOP”) Trust.
The 2016 MTN ESOP Trust was established by MTN for the purpose of
incentivising, rewarding and retaining Level 1 and 2 employees. These
employees are not executives or senior management within MTN.


    Name of associate:                  MTN Holdings

    Relationship with MTN:              Subsidiary of MTN

    Name of the Company:                MTN

    Date of transaction:                21 August 2019

    Number of securities transferred:   125904

    Class of security:                  MTN ordinary shares of 0.01
                                        cents each
    Price at which                      R104.17
    securities   were transferred
    Total value of securities:          R 13,115,419.68

    Nature of transaction:              Off-market transfer of
                                        treasury shares to MTN 2016
                                        ESOP Trust
    Nature of interest:                 Direct beneficial



The allocation of shares to the Level 1 and 2 employees in terms of
the 2016 ESOP scheme occurs bi -annually (during an open period)
following the transfer of shares from MTN Holdings to the 2016 MTN
ESOP Trust.




 Prior clearance to deal in the above-mentioned transaction was
 obtained in accordance with MTN policy as well as the JSE Listings
 Requirements.

 Fairland

 28 August 2019

 Lead Sponsor
 JP Morgan Proprietary Limited

 Joint Sponsor
 Tamela Holdings Proprietary Limited

Date: 28/08/2019 09:02:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story