that its executives buy and hold shares at a level in proportion to their annual fixed packages to “align shareholder and executive interests”.group’s latest integrated annual report, published on Tuesday, shows the personal stakes that six of its executive directors and prescribed officers hold.and senior vice president for markets Ebenezer Asante hold far more MTN shares than is required under the group policy.As at the end of December – MTN’s 2023 financial year-end – Mupita held 1.
The resulting multiple of 11.1x his annual fixed package is far higher than the 2.5x required under the group personal shareholding policy.), for a multiple of 5x his AFP for the 2023 financial year.Other executives’ holdings are as follows, according to the disclosures in the annual report :119 967 shares for a multiple of 2.1x AFP, above the 1.75x required;188 355 shares for a multiple of 2.8x AFP, above the 1.5x required;2.11 million shares for a multiple of 3.1x AFP, above the 1.
Board chairman Mcebisi Jonas was paid R5.8-million, including a retainer of R3.3-million. In the previous financial year, Jonas was paid a total of R4.8-million for his services.