MTN executives score millions in share options

MTN has said in a regulatory filing that it will hand out millions of rand in shares to various company directors.

The shares were awarded in accordance with MTN’s Performance Share Plan, and are vested over a three year period.

MTN Group CEO Rob Shuter is a primary beneficiary, having been awarded 436,600 shares worth R38.3 million.

Chief financial officer Ralph Mupita was awarded 190,200 shares worth R16.7 million, while chief operating officer Jens Schulte-Bockum was awarded 205,500 shares worth R18 million.

The move comes following numerous new executive appointments at MTN in recent years.

The share allocations and values in MTN’s filing are listed below.

Director Shares Value
RA Shuter 436,600 R38,329,114
RT Mupita 190,200 R16,697,658
J Schulte-Bockum 205,500 R18,040,845
PD Norman 94,600 R8,304,934
K Toriola 114,000 R10,008,060
FJ Moolman 112,900 R9,911,491
GN Motsa 114,100 R10,016,839
SB Ntsele 57,000 R5,004,030
M Mothapo 6,200 R544,298

Read: MTN announces executive appointments

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MTN executives score millions in share options