MTN has said in a regulatory filing that it will hand out millions of rand in shares to various company directors.
The shares were awarded in accordance with MTN’s Performance Share Plan, and are vested over a 3 year period.
MTN Group CEO Rob Shuter was a primary beneficiary of the move, and was awarded 436,600 shares worth R38.3 million.
CFO Ralph Mupita was given 190,200 shares worth R16.7 million, while COO Jens Schulte-Bockum earned 205,500 shares worth R18 million.
The move comes after many new executive appointments at MTN in recent years.
The share allocations and values in MTN’s filing are listed below.
|MTN Share Payments|