for the six months ended 30 September 2016
Results of the Telkom annual general meeting regarding directors re-appointments
On 24 August 2016, all board members were re-elected as per the annual general meeting
ordinary resolutions.
Dividends The Telkom board declared an ordinary dividend of 270 cents per share on 6 June 2016 payable on 4 July 2016 to shareholders registered on 1 July 2016.
Employee Share Plan
During April 2016, Telkom purchased 3 710 126 shares from the market through Rossal for the
purposes of the employee share plan.
Telkom Enterprise and Business Connexion(BCX) Integration
On 6 June 2016, Telkom announced its intention to integrate Telkom Enterprise into BCX.
BCX will operate as the Business to Business arm of the larger Telkom Group. As from
November 2016, the Telkom Enterprise business has been integrated with BCX. This will enable
the Telkom Group to offer Enterprise solutions beyond connectivity and to strengthen Telkom’s
leadership in the Enterprise market.
Allocation of shares in terms of the Telkom Employee Share Plan
On 6 June 2016, the board approved the fourth allocation of shares to employees in terms of
its Employee Share Plan. The number of shares to vest will depend on the extent to which the
performance conditions are met at the end of the applicable performance vesting period.
Vesting and sale of shares
In terms of the Telkom Share Plan 161 627 and 64 685 shares vested to Sipho Maseko and
Deon Fredericks respectively. On 4 July 2016, Sipho Maseko disposed of 145 907 shares.
On the 5 July 2016, Sipho Maseko and Deon Fredericks disposed of 15 720 and 25 581
shares respectively.