Vodacom Group Limited has revealed the allocation of conditional and forfeitable shares to its executives and directors. The awards are part of the companyโs 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.
Name | Designation | Shares Awarded | Price Per Share | Total Value | Vesting Period |
---|---|---|---|---|---|
MS Aziz Joosub | CEO | 328,207 | R94.0361 | R30,863,306.27 | 3 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.
Name | Designation | Shares Awarded | Price Per Share | Total Value | Vesting Period |
---|---|---|---|---|---|
RK Morathi | CFO | 116,827 | R94.0361 | R10,985,955.45 | 3 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.
Name | Designation | Shares Awarded | Price Per Share | Total Value | Vesting Period |
---|---|---|---|---|---|
KE Robinson | Group Company Secretary | 13,391 | R94.0361 | R1,259,237.42 | 3 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.
Name | Designation | Shares Awarded | Price Per Share | Total Value | Vesting Period |
---|---|---|---|---|---|
S Mdlalose | CEO: Vodacom SA | 58,302 | R94.0361 | R5,482,492.70 | 3 years |
19,434 | R94.0361 | R1,827,497.57 | 3 years |
Financial Director Share Award
RS Nkabinde, Financial Director, received 35,268 forfeitable shares. Half of these shares are subject to performance conditions.
Name | Designation | Shares Awarded | Price Per Share | Total Value | Vesting Period |
---|---|---|---|---|---|
RS Nkabinde | Financial Director | 35,268 | R94.0361 | R3,316,465.17 | 3 years |
Human Resources Director Share Award
NM Mashigo, the Human Resources Director, was awarded 30,414 forfeitable shares, half subject to performance conditions.
Name | Designation | Shares Awarded | Price Per Share | Total Value | Vesting Period |
---|---|---|---|---|---|
NM Mashigo | HR Director | 30,414 | R94.0361 | R2,860,013.95 | 3 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.
Name | Designation | Shares Awarded | Price Per Share | Total Value | Vesting Period |
---|---|---|---|---|---|
RAS Tayob | Consumer Business Unit | 17,281 | R94.0361 | R1,625,037.84 | 3 years |
8,640 | R94.0361 | R812,471.90 | 3 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.
Name | Designation | Shares Awarded | Price Per Share | Total Value | Vesting Period |
---|---|---|---|---|---|
TE Netshitenzhe | External Affairs | 31,106 | R94.0361 | R2,925,086.93 | 3 years |
Technology Director Share Award
B Ngwenya, Technology Director, received 37,984 forfeitable shares, half subject to performance conditions.
Name | Designation | Shares Awarded | Price Per Share | Total Value | Vesting Period |
---|---|---|---|---|---|
B Ngwenya | Technology Director | 37,984 | R94.0361 | R3,571,867.22 | 3 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.
Name | Designation | Shares Awarded | Price Per Share | Total Value | Vesting Period |
---|---|---|---|---|---|
TD Nel | Commercial Operations | 13,824 | R94.0361 | R1,299,955.05 | 3 years |
6,912 | R94.0361 | R649,977.52 | 3 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.
Name | Designation | Shares Awarded | Price Per Share | Total Value | Vesting Period |
---|---|---|---|---|---|
V Proothveerajh | Vodacom Business | 38,283 | R94.0361 | R3,599,984.02 | 2 years |
23,329 | R94.0361 | R2,193,768.18 | 3 years | ||
11,664 | R94.0361 | R1,096,837.07 | 3 years |
Company Secretary Share Award
NR Imasiku, Company Secretary of Vodacom (Pty) Limited, was awarded 7,045 forfeitable shares.
Name | Designation | Shares Awarded | Price Per Share | Total Value | Vesting Period |
---|---|---|---|---|---|
NR Imasiku | Company Secretary | 7,045 | R94.0361 | R662,484.32 | 3 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 Vodacomโs commitment to rewarding its leadership team and aligning their interests with the company’s performance.