MTN Group Allocates Shares to Executives Following Performance Plan

MTN Group distributes shares to top executives based on performance plan, reinforcing commitment to governance principles.

In adherence to regulatory guidelines, MTN Group has recently distributed shares among its top-level executives, including directors, company secretaries, and prescribed officers from MTN and its major subsidiaries. The allocation of shares is contingent upon the fulfillment of specific performance conditions outlined in the MTN Performance Share Plan of 2010.

This formal announcement was made on the Johannesburg Stock Exchange and it serves to provide transparent information to shareholders and noteholders, as mandated by regulatory requirements. The shares granted to key personnel underscore the company’s commitment to aligning incentives with performance objectives, fostering accountability and responsible corporate governance.

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