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 shares were awarded at a share price of R142,12.
At the same time, the group’s chief financial officer, Nazir Patel, has been awarded R8,1m in shares, also vesting in three years’ time.
Other senior MTN executives to receive shares, all subject to performance criteria, are Karel Pienaar (R3,4m), Khumo Shuenyane (R5m), Paul Norman (R5,1m), Bongi Mtshali (R1,3m), Lucy Mokoka (R0,9m), Ignatius Sehoole (R5,2m), Zunaid Bulbulia (R2,2m), Andrew Bing (R2,2m), Jyoti Desai (R6,2m), Ahmad Farroukh (R6,1m) and Brett Goschen (R3,2m). – Staff reporter, TechCentral
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