96 / 108
Further details of both schemes are as follows:
Number of participants
as at issue date
Number of
shares
allocated
Plan vesting
date
Number of
shares traded
(as at
31 December
2017)
Number of
shares
outstanding
(as at
31 December
2017)
†
3 461
1 384 400
1 December 2015
933 148
391 252
3 920
2 022 720
1 December 2018
0
666 156
1 December 2019
0
666 156
1 December 2020
0
666 156
† Excluding forfeited shares.
For the 2010 ESOP award, as at 31 December 2017, from a total of 3 461 participants:
•
•
1 810 allocated employees had left the employment of the company for various reasons, voluntary
and involuntary.
•
•
1 651 were still in the employ of the company. Thus the number of retained employees represents
a retention rate of 48%.
No shares had vested as at 31 December 2017 under the 2016 ESOP.
A summary of all previous allocations and the vesting dates made under the long-term incentive
scheme is presented below:
Equity share schemes vesting schedule
Vesting timelines per anniversary (cumulative)
Plan
type
Issue period
date
Year 0 > Year 1 > Year 2 > Year 3 > Year 4 > Year 5 > Year 10
SARS
19 Mar 2008
1 Sept 2008
28 Jun 2010^
PSPs
29 Jun 2011^^
29 Jun 2011
29 Dec 2011
28 Dec 2012
20 Dec 2013
19 Dec 2014
19 Dec 2014
19 Dec 2014
29 Jun 2016^^
28 Dec 2016
9 Mar 2017
29 Sept 2017
18 Dec 2017
^ This offer includes an allocation with one-year accelerated vesting.
^^ This offer was accelerated from 36 months to 30 months.
Key
Allocation date
u
20% tranche vested (cumulative)
✱
30% tranche vested (cumulative)
Ø
Performance conditions evaluation
Non-vested portion of award
✗
Expiry
Remuneration report
continued
94
MTN Group Limited
Integrated Report 2017