MTN bosses allocated millions in new shares

Executives at MTN Group have received millions of rand in shares as part of the telecommunications firm’s performance share plan. The shares awarded will vest in three years’ time.

MTN disclosed the share awards on 29 December by way of a JSE stock exchange news service notification to investors.

It said its group CEO, Ralph Mupita, was awarded 321 077 shares under the scheme at a market value of R36.9-million based on a share price of R115. The shares will vest in December 2026, subject to conditions.

Other senior figures in MTN included in December’s share awards are:

• Group chief financial officer Tsholofelo Molefe: 171 738 shares worth R19.7-million.
• Outgoing group chief operating officer Jens Schulte-Bockum: 212 614 shares worth R24.5-million.
• Group chief human resources officer Paul Norman: 86 431 shares worth R9.9-million.
• MTN Nigeria CEO Karl Toriola: 108 375 shares worth R12.5-million.
• MTN South Africa CEO Charles Molapisi: 144 529 shares worth R16.6-million.
• Group chief risk officer Ferdi Moolman: 98 635 shares worth R11.3-million.
• MTN South Africa chief financial officer Dineo Molefe: 51 174 shares worth R5.9-million.
• Group chief technology and information officer Mazen Mroue: 125 249 shares worth R14.4-million.
• Company secretary Thobeka Sishuba-Bonoyi: 32 412 shares worth R3.7-million.
• MTN South Africa company secretary Mateboho Rantofi: 15 693 shares worth R1.8-million.
• Group senior vice president for markets Ebenezer Asante: 206 556 shares worth R23.8-million (additional allocation to Asante: 41 300 shares worth R5.4-million, correcting an “omission” in the previous financial year’s allocation).  – © 2024 NewsCentral Media

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