MTN Group Executives allocated millions in new shares
MTN Group executives have been granted significant shares as part of the company's performance share plan, set to vest over a three-year period. On the 29th of December, MTN made this share allocation public through a notification to investors via the JSE stock exchange news service. As per the announcement, the group's CEO, Ralph Mupita,
MTN Group Executives allocated millions in new shares
MTN Group executives have been granted significant shares as part of the company’s performance share plan, set to vest over a three-year period.
On the 29th of December, MTN made this share allocation public through a notification to investors via the JSE stock exchange news service. As per the announcement, the group’s CEO, Ralph Mupita, received 321,077 shares through this initiative. Based on a share price of R115, these shares have a market value of R36.9 million and are set to vest by December 2026, contingent upon certain 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).
