Examples of MTN Holdings in a sentence
You and each of the Market Participants agree that this Contract cannot be amended without the prior written consent of MTNZF, MTN Holdings and MTN.
Each of MTNZF, MTN and MTN Holdings accordingly wish to enter into this Deed of Adherence for the purposes of being bound as if it were an original signatory to each Contract in relation to each MTNZF Shareholder.
During 2012 MTN Holdings Proprietary Limited, a wholly owned subsidiary of the Group, acquired 15 573 340 shares in the ordinary share capital of the Company for an amount of R2,1 billion with the cumulative amount of R3 billion spent in respect of the share buy-back at the reporting date (inclusive of transaction costs).
On the basis of this review, and in light of the current financial position of the Company and financial assistance from MTN Holdings, the directors are satisfied that the Company has sufficient funds for the foreseeable future to continue as a going concern.
Cash flow and fair value interest riskThe entity’s interest rate risk arises from long-term borrowings by means of preference shares and the advance received from MTN Holdings which are based on variable rates.
For purposes of giving notice, the addresses of the parties shall be: If to MTN to: MTN Holdings, Inc.
However, by 2001 the share price fell beneath R50 and this had negative implications for debt repayment and capital gains.Prior to that, there had been an acquisition of a further 18.5 per cent interest in MTN Holdings from Cable and Wireless South Africa.
MTNZ will not become a subsidiary of MTN Holdings and will continue to exist.5.3 In addition, MTNZ’s assets will be reduced following the repayment of its funding such that MTNZ will no longer hold approximately 4% of MTN’s issued share capital but on the basis that it will no longer have any funding commitments (i.e. it will be debt free).
By /s/ John Chymboryk --------------------------- John Chymboryk, Prxxxxxxx xxx Director EXHIBIT "A" CONSULTANT COMPENSATION AGREEMENT COUNTERPART SIGNATURE PAGE THIS COUNTERPART SIGNATURE PAGE for that certain Consultant Compensation Agreement between MTN Holdings, Inc.
During the year, MTN Holdings acquired 10 704 475 shares in the ordinary share capital of the Company for an amount of R2,4 billion bringing the cumulative repurchase to 1,8% of issued shares since 2011.