Vodacom Group Executives Receive R72 Million in Conditional Share Awards

  • Vodacom Group awarded executives and directors conditional shares worth millions.
  • The awards are subject to performance conditions and have a three-year vesting period.
  • Share awards demonstrate Vodacom's commitment to aligning leadership with company performance.

Vodacom Group Limited has revealed the allocation of conditional and forfeitable shares to its executives and directors. The awards are part of the company’s share incentive plans.

Details of Allocations

The allocation includes various directors and company secretaries from both Vodacom Group and Vodacom (Pty) Limited. The shares are awarded under specific performance conditions, with a vesting period of three years.

CEO Receives Significant Share Award

MS Aziz Joosub, the CEO of Vodacom Group, has been awarded 328,207 conditional shares. These shares are valued at R30,863,306.27. The price per share is R94.0361.

NameDesignationShares AwardedPrice Per ShareTotal ValueVesting Period
MS Aziz JoosubCEO328,207R94.0361R30,863,306.273 years

CFO Share Award

RK Morathi, the CFO, received 116,827 conditional shares. These shares are also valued at R94.0361 per share. The total value is R10,985,955.45.

NameDesignationShares AwardedPrice Per ShareTotal ValueVesting Period
RK MorathiCFO116,827R94.0361R10,985,955.453 years

Group Company Secretary Share Award

KE Robinson, the Group Company Secretary, was awarded 13,391 forfeitable shares. These shares are valued at R1,259,237.42.

NameDesignationShares AwardedPrice Per ShareTotal ValueVesting Period
KE RobinsonGroup Company Secretary13,391R94.0361R1,259,237.423 years

Vodacom SA CEO Share Award

S Mdlalose, CEO of Vodacom South Africa, received 58,302 conditional shares. Additionally, 19,434 shares are subject to performance conditions.

NameDesignationShares AwardedPrice Per ShareTotal ValueVesting Period
S MdlaloseCEO: Vodacom SA58,302R94.0361R5,482,492.703 years
19,434R94.0361R1,827,497.573 years

Financial Director Share Award

RS Nkabinde, Financial Director, received 35,268 forfeitable shares. Half of these shares are subject to performance conditions.

NameDesignationShares AwardedPrice Per ShareTotal ValueVesting Period
RS NkabindeFinancial Director35,268R94.0361R3,316,465.173 years

Human Resources Director Share Award

NM Mashigo, the Human Resources Director, was awarded 30,414 forfeitable shares, half subject to performance conditions.

NameDesignationShares AwardedPrice Per ShareTotal ValueVesting Period
NM MashigoHR Director30,414R94.0361R2,860,013.953 years

Consumer Business Unit Director Share Award

RAS Tayob, the Consumer Business Unit Director, received 17,281 conditional shares. Another 8,640 shares are subject to performance conditions.

NameDesignationShares AwardedPrice Per ShareTotal ValueVesting Period
RAS TayobConsumer Business Unit17,281R94.0361R1,625,037.843 years
8,640R94.0361R812,471.903 years

Vodacom SA External Affairs Director Share Award

TE Netshitenzhe, Chief Officer: Vodacom SA External Affairs, was awarded 31,106 conditional shares. Half of these are subject to performance conditions.

NameDesignationShares AwardedPrice Per ShareTotal ValueVesting Period
TE NetshitenzheExternal Affairs31,106R94.0361R2,925,086.933 years

Technology Director Share Award

B Ngwenya, Technology Director, received 37,984 forfeitable shares, half subject to performance conditions.

NameDesignationShares AwardedPrice Per ShareTotal ValueVesting Period
B NgwenyaTechnology Director37,984R94.0361R3,571,867.223 years

Commercial Operations Director Share Award

TD Nel, Commercial Operations Director, was awarded 13,824 conditional shares. Another 6,912 shares are subject to performance conditions.

NameDesignationShares AwardedPrice Per ShareTotal ValueVesting Period
TD NelCommercial Operations13,824R94.0361R1,299,955.053 years
6,912R94.0361R649,977.523 years

Vodacom Business Director Share Award

V Proothveerajh, Vodacom Business Director, received 38,283 conditional shares. Another 23,329 shares are subject to performance conditions. Additionally, 11,664 shares are subject to 100% performance conditions.

NameDesignationShares AwardedPrice Per ShareTotal ValueVesting Period
V ProothveerajhVodacom Business38,283R94.0361R3,599,984.022 years
23,329R94.0361R2,193,768.183 years
11,664R94.0361R1,096,837.073 years

Company Secretary Share Award

NR Imasiku, Company Secretary of Vodacom (Pty) Limited, was awarded 7,045 forfeitable shares.

NameDesignationShares AwardedPrice Per ShareTotal ValueVesting Period
NR ImasikuCompany Secretary7,045R94.0361R662,484.323 years

Conclusion

All shares were acquired on the market. The awards were granted on 14 June 2024, with a vesting period of three years. These share awards highlight Vodacom’s commitment to rewarding its leadership team and aligning their interests with the company’s performance.