Executives at MTN Group have received millions of rand in shares as part of the firm’s performance share plan.
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MTN has dished out R5,2m worth of shares to the CEO of its South African unit, Mteto Nyati. In a statement to shareholders on Friday, MTN said it had provided Nyati with an “off-market award of shares” as part of its performance share plan
Cellphone giant MTN has admitted that it furnished the Ethiopian home of African Union commission chair Nkosazana Dlamini-Zuma, the Sunday Times reported. MTN corporate affairs CEO Paul Norman told the newspaper the company decided to buy the furniture for the AU house in Addis Ababa because it had not
MTN executives have been awarded share options worth more than R50m at the prevailing share price. Group CEO Sifiso Dabengwa has been awarded 94 600 shares, which were worth R16,9m based on Wednesday morning’s near-record share price of R178,88. The shares will vest in three years provided the requirements of MTN’s
A major US lobby group’s shock advertising campaign, alleging that MTN is “profiting from torture” in Iran, has been blocked by local agencies. But it claims that SA advertising companies have refused to erect the billboards because of the influence of the telecommunications giant. United Against Nuclear Iran
MTN, the R255bn Johannesburg-listed cellphone giant, is in danger of being whacked with sanctions by the US for its telecommunication activities in Iran and Syria. US President Barack Obama issued an executive order this week that allows American authorities for the first time to impose sanctions on individuals or entities found to have
MTN has awarded its group president and CEO Sifiso Dabengwa 111 600 shares worth R15,9m. The shares vest in three years in accordance with the group’s share plan in terms of which certain performance targets must be met. The options were awarded at a share price of R142,12. At the same time, the group