{"id":76464,"date":"2014-12-23T11:30:47","date_gmt":"2014-12-23T09:30:47","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=76464"},"modified":"2014-12-23T11:30:47","modified_gmt":"2014-12-23T09:30:47","slug":"mtn-dishes-out-millions-in-shares-to-executives","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/mobile\/76464\/mtn-dishes-out-millions-in-shares-to-executives\/","title":{"rendered":"MTN dishes out millions in shares to executives"},"content":{"rendered":"<p>MTN has handed out over R86 million in ordinary shares to executive directors as part of the operator&#8217;s Performance Share Plan.<\/p>\n<p>MTN CEO and president Sifiso Dabengwa received 83,100 shares at a value of R18.6 million, with a vesting period of three years from the award date.<\/p>\n<p>The company&#8217;s chief financial officer, Brett Goschen, was awarded 54,700 shares at a value of R12.2 million, while\u00a0MTN SA CEO Ahmed Farroukh received 43,900 shares &#8211; valued at R9.8 million.<\/p>\n<p>In total, 11 directors from MTN received shares, which had a market price of R224 at the time they were awarded.<\/p>\n<p>In midday trade on the JSE, MTN&#8217;s shares were sitting at just over R220 each.<\/p>\n<h3 class=\"my-4\">More MTN news<\/h3>\n<p><strong><a title=\"Permalink to MTN SA appoints new enterprise head\" href=\"http:\/\/businesstech.co.za\/news\/mobile\/74946\/mtn-sa-appoints-new-enterprise-head\/\" rel=\"bookmark\">MTN SA appoints new enterprise head<\/a><\/strong><\/p>\n<p><strong><a title=\"Permalink to MTN video-on-demand launch update\" href=\"http:\/\/businesstech.co.za\/news\/mobile\/74452\/mtn-video-on-demand-launch-update\/\" rel=\"bookmark\">MTN video-on-demand launch update<\/a><\/strong><\/p>\n<p><strong><a title=\"Permalink to MTN the most valuable African brand\" href=\"http:\/\/businesstech.co.za\/news\/mobile\/74160\/mtn-the-most-valuable-african-brand\/\" rel=\"bookmark\">MTN the most valuable African brand<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MTN has handed out over R86 million in ordinary shares to executive directors as part of the operator&#8217;s Performance Share Plan.<\/p>\n","protected":false},"author":10,"featured_media":70617,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[26,28,173,1890],"class_list":["post-76464","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mobile","tag-headline","tag-mtn","tag-shares","tag-sifiso-dabengwa"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/76464","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=76464"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/76464\/revisions"}],"predecessor-version":[{"id":76480,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/76464\/revisions\/76480"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/70617"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=76464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=76464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=76464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}