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Vodacom Group Issues Dividend Equivalent Shares to Executive Directors and Director

Strategic Insights

— 1 min read

Vodacom Group, a leading South African telecommunications company, has issued dividend equivalent shares to several of its executive directors and a director of a major subsidiary. The shares were awarded as a result of the vesting of performance conditions related to shares allocated under the Conditional Share Plan. The ESG measure achieved a vesting percentage of 199.8% out of 200%, making certain employees eligible for the award. The salient details of the award are as follows: Chief Executive Officer, MS Aziz Joosub, received 3,780 dividend equivalent shares with a value of R515,096.44, while Chief Financial Officer, RK Morathi, received 1,272 shares with a value of R173,334.04. S Mdlalose, CEO of Vodacom South Africa, received 221 shares with a value of R30,115.43.

Key Takeaways:

  • Vodacom Group has issued dividend equivalent shares to several executive directors and a director of a major subsidiary, totaling 5,273 shares.
  • The shares were awarded as a result of the vesting of performance conditions related to shares allocated under the Conditional Share Plan, with an ESG measure vesting percentage of 199.8% out of 200%.
  • The executive directors and director who received the shares are: MS Aziz Joosub (Chief Executive Officer), RK Morathi (Chief Financial Officer), and S Mdlalose (CEO of Vodacom South Africa).
  • The shares were acquired on market, and the value of the awards ranges from R30,115.43 to R515,096.44.
  • The dividend equivalent shares were awarded on June 13, 2025, and the executive directors and director received clearance to deal with their shares on the same day.

Statistics:

  • Total value of dividend equivalent shares awarded: R718, 546.09.
  • Number of dividend equivalent shares awarded: 5,273.
  • Highest value of dividend equivalent shares awarded: R515,096.44 (to MS Aziz Joosub).
  • Lowest value of dividend equivalent shares awarded: R30,115.43 (to S Mdlalose).
  • Number of executive directors and director receiving dividend equivalent shares: 4.

Sources:

  • Johannesburg Stock Exchange
  • Vodacom Group Limited
  • Investec Bank Limited

Note: The original source material does not specify dates for the other companies mentioned.

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