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On 16 October at 5pmMTN Zakhele ceased operating its "over-the-counter" trading platform. MTN Zakhele will list its ordinary shares on the JSE on 5 November From 26 OctoberMTN Zakhele will open for processes to help prepare shareholders to trade their MTN Zakhele shares on the JSE. These processes will include new Applications to confirm eligibility to own MTN Zakhele shares and the BEE Verification Process. Why is MTN Zakhele listing on the JSE.

The main reason for MTN Zakhele listing on the JSE is to provide MTN Zakhele shareholders with regulatory certainty regarding their ability to continue trading their MTN Zakhele shares. As a result of regulatory policy changes implemented by the Financial Services Board init will no longer be possible to continue buying and selling MTN Zakhele Shares on the OTC trading platform without MTN Zakhele applying for an exchange licence.

In order to make it easier for MTN Zakhele shareholders to access trading in the JSE environment, MTN Zakhele has established the MTN Zakhele Facilitated Trading Process and identified service providers called the Trading Entity and the Custody Entity to put in place a facility called a Transaction Platform to enable MTN Zakhele shareholders to hold, buy and sell their shares on the JSE In order to use the Transaction Platform, you must complete the BEE Verification Process in respect of the MTN Zakhele Facilitated Trading Process.

Verified Shareholders using the Transaction Platform will still be able to place their orders through a call centre on referred to as the Transaction Platform Call Centre or a website at www. How will MTN Zakhele ensure people understand trading on the JSE listed environment? MTN Zakhele is implementing an extensive communication campaign to educate its existing shareholders and prospective shareholders.

These include communicating directly with the existing shareholders through SMS. Other communication methods will include the internet, Call Centre, and media print, radio and electronic. You are also encouraged to call the Call Centre if they have questions.

What will the Trading Entity and the Custody Entity do, and who are they? The Trading Entity is Velocity Trade Financial Services Proprietary Limited, an authorised financial services provider.

The Trading Entity will provide you with the ability to place buy or sell orders using the Transaction Platform Call Centre or the Transaction Platform Website. These orders will match on the JSE and not on the Transaction Platform. The Custody Entity is Link Investor Services Proprietary Limited, a central securities depository participant CSDP. The Custody Entity will hold the shares on behalf of shareholders as the registered shareholder the shareholder will remain the beneficial owner of the shares.

If you choose to use the Transaction Platform, you must enter into contracts with both the Trading Entity and Custody Entity, and open a Transaction Platform Account for trading on the JSE.

MTN Zakhele shares can also be held, traded or transferred using the MTN Zakhele Independent Trading Process using your own service providers to trade or transfer shares, e. Will I have to appoint my own stockbroker in order to buy or sell MTN Zakhele shares on the JSE?

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No, if you choose the MTN Zakhele Facilitated Trading Process, you will not have to appoint your own stockbroker for buying or selling MTN Zakhele shares on the JSE. Do I have to sell my shares when MTN Zakhele lists? No, you do not have to sell your shares when MTN Zakhele shares are listed.

You can choose to keep all of your shares or you can choose to sell only a portion of your shares. You can also choose to buy more shares. What will happen to my shares when MTN Zakhele lists? If you own MTN Zakhele shares, you will still own the same number of shares when MTN Zakhele lists on the JSE.

The difference is that your shares will no longer be evidenced by a physical share certificate, but will instead be held electronically as uncertificated shares. Unless you have elected to continue to hold your shares in a certificated form, you will receive a statement of your shareholding twice per year from the Custody Entity or your custody service provider. Who qualifies to become a shareholder of MTN Zakhele? Black People - African, Coloured and Indian persons who are natural persons and who: Black Groups "Black Groups" as defined in the prospectus issued by MTN Zakhele in Augustwhich are made up of Black Companies and Other Black Entities: How do I trade MTN Zakhele shares on the JSE?

If you are using the MTN Zakhele Facilitated Trading Process, you can buy or sell shares via the Transaction Platform. This can be accessed directly through the internet at www. If you have your own stockbroker, you must complete the BEE Verification Process in respect of the MTN Zakhele Independent Trading Process, and you can then call your stockbroker for assistance.

Is there a minimum or maximum number of shares people can buy or sell and why? There is a minimum order size of 20 shares when buying and selling shares, except where a shareholder wishes to sell the balance of his shares. The reason for this limitation is to ensure that the processing of buy and sell orders remains cost-effective for you. There is no maximum number of shares that you can buy or sell, although you can only sell the shares you own.

Where do I find a buyer for my shares?

MTN Zakhele shares open for trading

You do not have to go and find a buyer for your shares. If you are trading using the Transaction Platform, you simply place your trade sell order on the Transaction Platform Website or through the Transaction Platform Call Centre to sell your shares. Your instruction to sell will be matched on the JSE with instructions to buy from potential buyers of your shares.

If you have elected to use the MTN Zakhele Independent Trading Process; where you are using your own stockbroker to buy or sell your shares, you can contact them regarding transacting. Trading hours are weekdays Monday to Friday between 09h00 and 17h00 excluding public holidays. What do I need to do to be able to trade my shares on the JSE? To trade your shares on the JSE, you must first choose how you wish to trade your shares e.

Please see Verification and Registration section below for verification and registration processes. I want to become an MTN Zakhele shareholder, what should I do?

You can visit the MTN Zakhele Shareholder Platform Website at www. You may also call the BEE Verification Call Centre onwhere you can request the documents to be sent to you. What documentation do I need to provide in order to become a new shareholder? All supporting documentation to be submitted is specified on the relevant Application Form for Black People or Black Groups.

Once your Application has been approved you will be notified via SMS and guided to the MTN Zakhele Shareholder Platform Website at www. You should receive this SMS within 5 business days.

What if I do not receive an SMS? If you have not received the SMS within 5 days, please contact the BEE Verification Call Centre on How do I get Verified and Registered for the MTN Zakhele Facilitated Trading Process using the Transaction Platform Call Centre or Transaction Platform Website.

BEE Verification and Registration for the MTN Zakhele Facilitated Trading Process includes: All of these documents can be downloaded treyarch stock ticker symbol the MTN Zakhele Shareholder Platform Website at www.

After completing the BEE Verification and Registration, login to your account on the Transaction platform. What are the costs of using the MTN Zakhele Facilitated Trading Process?

There is no fee scams to earn money completing the Application Process or BEE Verification Process and for registering to use the Transaction Platform.

If you want to trade your shares you would have to pay transaction fees and taxes to the Trading Entity and the Custody Entity when you buy or sell MTN Zakhele shares through the Transaction Platform. Other fees such as cash withdrawal fees, cash and cheque deposit fees may also be applicable. For more information on fees, please visit the Transaction Platform Website at www.

How do I get verified for the MTN Zakhele Independent Trading Process. BEE Verification for this process includes: The Verification Form for the MTN Zakhele Independent Trading Process and the MTN Zakhele BEE Contract can be downloaded from the MTN Zakhele Shareholder Platform Website at www.

What are the costs of using the MTN Zakhele Independent Trading Process? There is no fee for completing the Application Process or BEE Verification Process. How do I get verified for the MTN Zakhele Limited Transfers Process? For more information on the MTN Zakhele Limited Transfers Process, please call the BEE Verification Call Centre on The Verification Form for the MTN Zakhele Limited Transfers Process and the Custody Entity mandate can be downloaded from the MTN Zakhele Shareholder Platform Website at www.

What are the costs of using the MTN Zakhele Limited Transfer Process? There is no fee for completing the Application Process or the BEE Verification Process. There will however be costs for the transfer of MTN Zakhele shares to or from the Custody Entity.

Buy mtn bee shares trading more information on these and other costs, please visit the MTN Zakhele Shareholder Platform Website on www. I am an existing shareholder, I registered for the OTC Platform, why do I need to register again for trading on the JSE?

MTN Zakhele will ticker symbol for nikkei stock exchange to operate the OTC Platform a few weeks before listing on the JSE. MTN Zakhele has identified service providers who will provide a new Transaction Platform directly to shareholders and prospective shareholders to enable them to trade MTN Zakhele shares on the JSE.

For more information on Registration or how to open a Transaction Platform Account, please visit the Transaction Platform Website on www. You can also access the Transaction Platform by clicking on a link on the MTN Zakhele Shareholder Platform Website at www. How do I register on the Transaction Platform as a Black Group? Before you can register on the Transaction Platform you are required to cz 452 american stock a Verification Form Black Groups for the MTN Zakhele Facilitated Trading Process.

This form is available on the MTN Zakhele Shareholder Platform Website at www. Once your BEE Verification has been approved you will receive notification with an Investor Number prompting you to visit the Transaction Platform website to complete the registration process. How do I register a shareholder who is a minor under 18 years? Minors are required to have a parent or legal guardian complete the BEE Verification Process for them and register on their behalf.

Only approved representatives of a minor will be able to complete the Transaction Platform registration process. The registration process for minors will only be available by contacting the Call Centre.

What if my details have changed? You will be required to update your details before you can register on the Transaction Platform. Please see change of details section. How much does it cost to register on the Transaction Platform? You will, however, have to pay transaction fees and taxes to the Trading Entity and the Custody Entity when you buy or sell MTN Zakhele shares through the Transaction Platform.

CHANGE OF DETAILS I have changed my address. What must I do? You can go to the MTN Zakhele Shareholder Platform Website at www. Once you have completed the form you will have to submit the form with all the relevant supporting documentation specified on the houses to rent in stockton on tees dss welcome Individual or Groups.

Once you have completed the form you will can you make money selling wow gold to submit the form with all the relevant supporting documentation specified on the form. How do I access the online Transaction Platform Website? How do I buy or sell MTN Zakhele shares on the Transaction Platform? In order to buy or sell MTN Zakhele shares using the Transaction Platform, you must own the shares to place a sell order or have moneysupermarket dave radio advert in your Transaction Platform Account to place a buy order.

For more information on buying, selling, deposits and withdrawals, please visit the Transaction Platform Website or call the Transaction Platform Call Centre. What will it cost to buy or sell MTN Zakhele shares using the Transaction Platform? The transaction fee you will pay when you trade is the higher of R forex signal service performance 0.

During Normal Trading Hours the Transaction Fee deducted from your account for each Partial Transaction is 0. If the total Transaction Fee deducted from your Transaction Platform Account during the day for a Partial Transaction is less than R then the difference between this total and R will be deducted from your Transaction Platform Account after Normal Trading Hours.

This on platform transaction fee is inclusive of the following: Investor protection levy On platform settlement fee JSE Member trading buy mtn bee shares trading. For a full fee schedule please refer to the website www. Example 1- When the Order to Buy and Oder to sell is matched in full and the Transaction Fee is more than R Example 2 If the Order to Buy the MTN Zakhele Shares took more than a day to complete; for example more than 2 days to complete and each day there was a settlement then a scenario of the fees for the first two days is below for Sipho.

The costs for Sipho buyer are the following: Example 3 When the Order to Buy and Order to sell is matched in full and the minimum transaction jquery get input type radio checked applies R If Sipho buys 50 MTN Zakhele shares for R40 per share, the total price is R The cost for Sipho buyer is the following: How many MTN Zakhele shares can I buy?

There is no limit on the amount of MTN Zakhele shares you can buy. The Black Share Transfer Committee known as the BSTC may investigate or review any trade, for example trades of shares above a certain amount and may refuse to allow certain transfers. The BSTC will only do what is allowed in terms of the Relationship Agreement between MTN Zakhele, MTN and each shareholder of MTN Zakhele and the memorandum of incorporation of MTN Zakhele. Is there a minimum or animal crossing city folk best way to earn money number of shares people can buy and why?

The reason for this limitation is to ensure that the transaction remain cost-effective for you. Who can I contact if I have a query regarding the Transaction Platform? You can speak to any of the agents in the Transaction Platform Call Centre on Alternatively, you can email a Transaction Platform Call Centre agent at support mtnz. Would I be able to buy or sell MTN Zakhele Shares if my BEE Status has expired?

No, all Black Groups will be required to update their BEE certificate at least annually by submitting a new valid BEE certificate for incorporated entities e.

What happens if I die? Your estate will be permitted to transfer your MTN Zakhele shares to your heir, provided that your heir is an eligible Black Person or Black Group, or to sell your MTN Zakhele shares to another eligible Black Person or Black Group. Contact the BEE Verification Call Centre onwho will be able to assist you. My relative has died and owns MTN Zakhele shares. Contact the BEE Verification Call Centre on What are the Trading Restrictions on the MTN Zakhele shares?

Restricted trading will be allowed from 25 November to 24 Novemberduring which period you can only sell your MTN Zakhele shares to eligible Black People or Black Groups. You cannot Encumber i. There will be no special restrictions on the sale or Encumbrance of MTN Zakhele shares after 24 November Until 25 Novemberyou will be bound by the Relationship Agreement between MTN and MTN Zakhele and each shareholder of MTN Zakhele. From 25 Novemberyou will be able to trade your MTN Zakhele shares without any special restrictions.

I have become insolvent and my estate is being sequestrated. I need to sell my MTN Zakhele shares. You should ask your liquidator to contact the BEE Verification Call Centre on Your estate will be permitted to transfer your shares to an eligible Black Person or Black Group.

Delayed trade and price information will be available from 5 November on the MTN Zakhele Shareholder Platform Website at www.

This information will be delayed by 15 minutes. If you are registered to use the Transaction Platform, you will have access to real-time data once you are logged into the Transaction Platform Website.

What will happen to my shares post November ? At the end of the Empowerment Compliance Period Novemberthe following options would be made available to the current shareholders of MTN Zakhele:. Additional information regarding the above options, will be communicated to the shareholders closer to the end of the empowerment compliance period.

A dividend is a payment made by a company to its shareholders as a distribution of its profits, if so decided by the directors of the company, taking into account the future cash needs of the company. When will MTN Zakhele declare a dividend? Dividends that MTN Zakhele earns on its investment in MTN Group are used firstly to pay for the permitted operational costs of MTN Zakhele, as well as taxes due by MTN Zakhele.

Thereafter, the dividend income is used to meet obligations to funders and reduce the cost of funding, which MTN Zakhele has done to date.

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In fact, higher-than-expected dividends from MTN Group have helped MTN Zakhele repay funding sooner than originally planned, which is beneficial for all MTN Zakhele shareholders.

How do I get copies of my previous notices and reports including the Relationship Agreement and the prospectus? You can view and download these from the MTN Zakhele Shareholder Platform Website at www. You can also contact the BEE Verification Call Centre on How do I check how many shares I own?

If you have a Transaction Platform Account, you can login and check under the My Account section of the Transaction Platform Website. Alternatively, you can contact the Transaction Platform Call Centre on where an agent will be able to assist you. How do I know what my shareholder number is? You can contact the BEE Verification Call Centre on where an agent will be able to assist you. Where is my share certificate?

All share certificates in respect of MTN Zakhele shares are currently held by Link Market Services; the transfer secretaries and custodian of MTN Zakhele share certificates.

Once MTN Zakhele lists on the JSE, MTN Zakhele shares will become uncertificated. If you are registered to trade on the Transaction Platform, you will get a statement of your shareholding from the Custody Entity twice per annum. If you have elected to keep your shares in certificated form, you will not be able to trade your shares on the JSE, and in that case, your share certificate will continue to be held by the transfer secretaries, Link Market Services.

If you have any questions with respect to your shares, please contact the BEE Verification Call Centre on ABOUT FAQ's FAQs MTN ZAKHELE SHARE TRADING On 16 October at 5pmMTN Zakhele ceased operating its "over-the-counter" trading platform. There is no fee for completing the Registration Process.

Investor protection levy On platform settlement fee JSE Member trading fee Securities Transfer Tax 0. If Sipho buys MTN Zakhele shares from Neo for R50 per share, the total price is R25 The cost for Sipho buyer is the following: Cost How it is worked out Total Filled Price MTN Zakhele shares x R50 per MTN Zakhele share R25 Transaction Fee The higher of R and 0.

Cost How it is worked out Total Transaction Fee The higher of R and 0. Cost How it is worked out Total Day 1 Value of Order: Value of Partial Transaction 40 MTN Zakhele shares x R50 per MTN Zakhele Share R2 Day 1: Transaction Fee The higher of R and 0.

Securities Transfer Tax 0.

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Total Transaction Costs R2 Day 2: Value of remaining order MTN Zakhele Shares x R50 per MTN Zakhele Share R23 Day 2: Value of Partial Transaction 40 MTN Zakhele shares x R50 per MTN Zakhele share R2 Day 2: The higher of R15 and R is R Therefore the Transaction Fee is R Cost How it is worked out Total Filled Price 50 MTN Zakhele shares x R40 per MTN Zakhele share R2 Transaction Fee The higher of R and 0. Therefore the transaction fee is R At the end of the Empowerment Compliance Period Novemberthe following options would be made available to the current shareholders of MTN Zakhele: A cash settlement equivalent to the value of their MTN Zakhele Shares at the time; or A combination of MTN Shares and a cash settlement equivalent to the value of their MTN Zakhele Shares at the time.

In addition to the above options, the board of directors of MTN is evaluating alternatives for a new BEE share scheme that may come into effect on the expiry of the Empowerment Compliance Period. As part of this new BEE share scheme, it is possible, although not yet certain, that the holders of MTN Zakhele Shares at that time will be granted the opportunity of a partial reinvestment into the new BEE share scheme on terms yet to be determined.

FAQs MTN ZAKHELE SHARE TRADING On 16 October at 5pmMTN Zakhele ceased operating its "over-the-counter" trading platform. Why is MTN Zakhele listing on the JSE The main reason for MTN Zakhele listing on the JSE is to provide MTN Zakhele shareholders with regulatory certainty regarding their ability to continue trading their MTN Zakhele shares. What are the trading hours? You should receive this SMS within 5 business days How do I get Verified and Registered for the MTN Zakhele Facilitated Trading Process using the Transaction Platform Call Centre or Transaction Platform Website BEE Verification and Registration for the MTN Zakhele Facilitated Trading Process includes: How do I get verified for the MTN Zakhele Independent Trading Process BEE Verification for this process includes: What is a dividend?