80 / 102
76
Vodacom Group Limited
Integrated report for the year ended 31 March 2017
Abridged remuneration report
continued
Long-term incentives and benefits
Year
awarded
Number
allocated
Number
settled in
current year
Number
forfeited in
current year
Closing
number
Settled
price
Settle-
ment
date
Settle-
ment
value
Current
unit
value
1
Estimated
value
Cur-
rency
MS Aziz Joosub
Conditional benefit – restricted shares
2014 208 610
–
– 208 610
–
–
– 152.00
31 708 720
ZAR
FSP – with company performance conditions
2014 140 410
63 325
77 085
– 162.75
June
2016 10 306 144
–
– ZAR
2015
95 482
–
– 95 482
–
–
76.00
7 256 632
ZAR
2016
98 133
–
– 98 133
–
–
76.00
7 458 108
ZAR
2017
108 099
–
– 108 099
–
–
76.00
8 215 524
ZAR
Vodacom co-investment
In terms of the CEO co-investment requirement, the CEO made the following investments in Vodacom shares:
2015
26 864
2016
28 608
2017
29 499
Vodacommatching award
Matching award – with company performance conditions
2014
52 772
23 800
28 972
– 144.09
November
2016 3 429 342
–
– ZAR
2015
53 088
–
– 53 088
–
–
76.00
4 034 688
ZAR
2016
70 475
–
– 70 475
–
–
76.00
5 356 100
ZAR
2017
–
2
Vodafone co-investment
In terms of the CEO co-investment requirement, the CEO made the following investments in Vodafone shares:
2014
94 657
2015
95 863
2016
84 360
2017
100 670
Vodafone matching award
Vodafone made a matching award of performance shares to the equivalent value. The Vodafone matching award will vest based on actual
target achieved. For the 2014 range the target is 0% – 300%; 2015: 0% – 250%, 2016: 0% – 250%; 2017: 0% – 250%. The actual amount
vested will be disclosed at the time of vesting.
Vodafone matching
2014
–
72 319
–
–
2.19 June 2016
158 379
–
– GBP
YeboYethu units
2008 2 628 498
–
– 2 628 498
–
–
0.26
683 409 ZAR
2016 876 862
–
– 876 862
–
–
0.26
227 984 ZAR
Notes:
1. For FSP and Vodafone shares with performance conditions, a vesting percentage of 50% is applied.
2. The CEO matching award for 2017 was not allocated as Vodacom was restricted from purchasing shares.
Executives received dividend payments on the FSP shares held from the award date.