{"id":29154,"date":"2013-01-02T16:04:48","date_gmt":"2013-01-02T14:04:48","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=29154"},"modified":"2013-01-03T10:38:10","modified_gmt":"2013-01-03T08:38:10","slug":"mtn-execs-get-big-payload","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/telecommunications\/29154\/mtn-execs-get-big-payload\/","title":{"rendered":"MTN execs get big payload"},"content":{"rendered":"

MTN<\/a> executives have been awarded millions of rands in shares in terms of the MTN’s performance share plan.<\/p>\n

317,200 shares valued at over R56 million (taken at a market price of R178.02) were paid out to executives from MTN Group, MTN SA and MTN Nigeria.<\/p>\n

The shares have a vesting period of three years from the award date and are all subject to the performance conditions of each executive.<\/p>\n

MTN confirmed to the JSE<\/a> that the shares used for allocation will be purchased on the market in “due course”.<\/p>\n

MTN’s annual performance share plan is implemented “to retain and recognise the contributions of eligible employees by providing additional incentive to contribute to MTN Group\u2019s continued growth”.<\/p>\n

At 15h30 on 2 January 2013, MTN’s shares were trading slightly lower than the price taken for executives – hitting R176.20 on the JSE.<\/p>\n

Here are the executive payouts:<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n
Executive<\/strong><\/td>\nCompany<\/strong><\/td>\nShares<\/strong><\/td>\nValue<\/strong><\/td>\n<\/tr>\n
Sifiso\u00a0Dabengwa<\/td>\nMTN Group CEO<\/td>\n94 600<\/td>\nR16,836,926.76<\/td>\n<\/tr>\n
Nazir\u00a0Patel<\/td>\nMTN Group CFO<\/td>\n48 500<\/td>\nR8,638,009.50<\/td>\n<\/tr>\n
Jyoti Desai<\/td>\nMTN Nigeria CIO<\/td>\n41 400<\/td>\nR7,366,106.17<\/td>\n<\/tr>\n
Karel\u00a0Pienaar<\/td>\nMTN SA MD<\/td>\n33 000<\/td>\nR5,873,180.01<\/td>\n<\/tr>\n
Paul Norman<\/td>\nMTN Group HR, CA officer<\/td>\n30 600<\/td>\nR5,450,402.51<\/td>\n<\/tr>\n
Brett\u00a0Goschen<\/td>\nMTN Nigeria CEO<\/td>\n26 500<\/td>\nR4,711,794.99<\/td>\n<\/tr>\n
Zunaid\u00a0Bulbulia<\/td>\nMTN SA CFO<\/td>\n15 500<\/td>\nR2,762,282.00<\/td>\n<\/tr>\n
Andrew\u00a0Bing<\/td>\nMTN Nigeria CFO<\/td>\n14 900<\/td>\nR2,646,749.04<\/td>\n<\/tr>\n
Bongi\u00a0Mtshali<\/td>\nMTN Group secretary<\/td>\n6 400<\/td>\nR1,142,638.87<\/td>\n<\/tr>\n
Lucy\u00a0Mokoka<\/td>\nMTN SA\u00a0 secretary<\/td>\n5 800<\/td>\nR1,037,520.00<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n

Related articles<\/h3>\n

MTN Zone numbers impress<\/strong><\/a><\/p>\n

MTN Group subscribers up to 182.7 million<\/strong><\/a><\/p>\n

DA questions MTN bribe accused reinstatement<\/a><\/strong><\/p>\n

MTN reveals LTE plans<\/strong><\/a><\/p>\n

Turkcell\u2019s MTN lawsuit put on hold<\/strong><\/a><\/p>\n

MTN lifts interim revenue by 17.5%<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

MTN executives have been awarded millions of rands in shares in terms of the MTN’s performance share plan.<\/p>\n","protected":false},"author":10,"featured_media":4815,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[507,26,1124,28,4928,1890],"class_list":["post-29154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-telecommunications","tag-executive","tag-headline","tag-karel-pienaar","tag-mtn","tag-mtn-performance-share-plan","tag-sifiso-dabengwa"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/29154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=29154"}],"version-history":[{"count":8,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/29154\/revisions"}],"predecessor-version":[{"id":29160,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/29154\/revisions\/29160"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/4815"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=29154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=29154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=29154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}