MTN Group has awarded shares worth R160 million to its top executives and directors under its Performance Share Plan 2010, the company announced in a JSE notice after market close on Tuesday.<\/p>\n\n\n\n
The company announced that several directors, prescribed officers, and company secretaries were awarded and accepted these shares on 31 March 2026.<\/p>\n\n\n\n
\u201cThese are subject to performance conditions, in accordance with the MTN Performance Share Plan,\u201d MTN stated.<\/p>\n\n\n\n
MTN explained that all award recipients with minimum shareholding requirements obligations have fulfilled their requirements.<\/p>\n\n\n\n
\u201cThe vesting date has been accelerated to 10 December 2028, aligning with the date on which the award would normally have been granted, being 10 December 2025,\u201d said MTN.<\/p>\n\n\n\n
In its latest integrated annual report, MTN said its long-term incentive scheme links employees\u2019 rewards to the organisation’s sustained performance over 3 years.<\/p>\n\n\n\n
\u201cIt is designed to strengthen employee retention through the issue of rolling annual grants, which are performance-based under the performance share plan,\u201d it said.<\/p>\n\n\n\n
The MTN board evaluates the performance of executives eligible for the Performance Share Plan using four equally weighted criteria.<\/p>\n\n\n\n
They are: Total shareholder return, cumulative operating free cash flow, return on equity, and Environmental, Social, and Governance (ESG).<\/p>\n\n\n\n
Total shareholder return (TSR) uses a sliding scale with 100% vesting at the 75th percentile of the Morgan Stanley Capital International (MSCI) emerging markets (EM) Telecoms Index.<\/p>\n\n\n\n
TSR is measured by comparing the 30-day volume-weighted average price at the beginning and end of the three-year measurement period, plus reinvested dividends.<\/p>\n\n\n\n
The cumulative operating free cash flow criterion has its vesting set at 25% for achieving 90% of the target and 100% for achieving 110% of the target, with a sliding scale between these points.<\/p>\n\n\n\n
Return on equity is defined as adjusted headline earnings per share over equity, excluding non-controlling interests and approved non-operational items, divided by three.<\/p>\n\n\n\n
There is a 25% vesting at 90% of budget\/target, a 100% vesting at 100% of budget\/target, and a straight-line vesting between the kick-in and budget\/target rate.<\/p>\n\n\n\n
ESG comprises at least the following elements: broadband coverage, diversity and inclusion, and Net Zero emissions.<\/p>\n\n\n\n
It is measured over three years, with 25% vesting at a threshold value and 100% vesting at a target value, with straight-line vesting between the threshold and target rates.<\/p>\n\n\n\n
The following table provides a breakdown of the share awards and the total value of the windfalls for the directors and prescribed officers mentioned in the announcement.<\/p>\n\n\n\n MTN Group CEO Ralph Mupita has been awarded R40 million in shares under the company’s long-term incentive scheme.<\/p>\n","protected":false},"author":15,"featured_media":638761,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41906,14],"tags":[42,39564],"class_list":["post-638760","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-telecoms","category-cellular","tag-mtn","tag-ralph-mupita"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/638760"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=638760"}],"version-history":[{"count":2,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/638760\/revisions"}],"predecessor-version":[{"id":638764,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/638760\/revisions\/638764"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/638761"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=638760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=638760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=638760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Name<\/th> Office Held<\/th> Number of Shares<\/th> Total Value<\/th><\/tr><\/thead> Ralph Mupita<\/td> Group President & CEO<\/td> 207,633<\/td> R39,969,275<\/td><\/tr> Ebenezer Asante<\/td> Senior Vice President, Markets<\/td> 120,880<\/td> R23,269,457<\/td><\/tr> Tsholofelo Molefe<\/td> Group Chief Financial Officer<\/td> 111,931<\/td> R21,546,714<\/td><\/tr> Ferdinand J Moolman<\/td> MTN SA CEO<\/td> 104,545<\/td> R20,125,000<\/td><\/tr> Yolanda Cuba<\/td> Director of Major Subsidiary<\/td> 62,718<\/td> R12,073,220<\/td><\/tr> Paul Norman<\/td> Director of Major Subsidiary<\/td> 56,333<\/td> R10,843,944<\/td><\/tr> Dineo Molefe<\/td> Director of Major Subsidiary<\/td> 35,559<\/td> R6,845,197<\/td><\/tr> Sugentharen Perumal<\/td> Director of Major Subsidiary<\/td> 35,436<\/td> R6,821,370<\/td><\/tr> Karl Olutokun Toriola<\/td> MTN Nigeria CEO<\/td> 28,704<\/td> R5,525,460<\/td><\/tr> Stephen Blewett<\/td> CEO: MTN Ghana<\/td> 21,382<\/td> R4,115,998<\/td><\/tr> Antoinette Kwofie<\/td> CFO: MTN Ghana<\/td> 13,660<\/td> R2,629,636<\/td><\/tr> Lucy Mokoka<\/td> Group Company Secretary<\/td> 12,008<\/td> R2,311,583<\/td><\/tr> Modupe Kadri<\/td> Director of Major Subsidiary<\/td> 11,855<\/td> R2,282,020<\/td><\/tr> Mateboho Rantofi<\/td> Company Secretary of Subsidiary<\/td> 9,953<\/td> R1,916,047<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"