|
|
|
Blue Label
Services
as Directors
of Blue Label
Telecoms
Limited
R'000 |
Services as
Directors of
subsidiaries
of Blue Label
Telecoms
Limited
R'000 |
Salary and
allowances
from
subsidiaries
R'000 |
Bonuses and performance-related
payments
R'000 |
Other
benefits
from
subsidiaries
R'000 |
Accrued termination/ separation benefit from subsidiaries
R'000 |
Total
R'000 |
Fair value of conditional
shares
R'000 |
| For the year ended 31 May 2025 |
|
|
|
|
|
|
|
|
|
| Executive Directors |
|
|
|
|
|
|
|
|
|
| BM Levy |
|
— |
— |
12 404 |
15 157 |
— |
— |
27 561 |
38 754 |
| MS Levy |
|
— |
— |
12 404 |
15 157 |
— |
— |
27 561 |
38 754 |
| DA Suntup |
|
— |
— |
6 569 |
5 400 |
— |
— |
11 969 |
20 526 |
|
|
— |
— |
31 377 |
35 714 |
— |
— |
67 091 |
98 034 |
| Non-Executive Directors |
|
|
|
|
|
|
|
|
|
| LM Nestadt |
|
2 635 |
— |
— |
— |
— |
— |
2 635 |
— |
| JS Mthimunye |
|
1 367 |
72 |
— |
— |
— |
— |
1 439 |
— |
| SJ Vilakazi |
|
1 476 |
— |
— |
— |
— |
— |
1 476 |
— |
| H Masondo |
|
764 |
— |
— |
— |
— |
— |
764 |
— |
| NP Mnxasana |
|
958 |
48 |
— |
— |
— |
— |
1 006 |
— |
| LE Mthimunye |
|
1 351 |
53 |
— |
— |
— |
— |
1 404 |
— |
|
|
8 551 |
173 |
— |
— |
— |
— |
8 724 |
— |
|
|
8 551 |
173 |
31 377 |
35 714 |
— |
— |
75 815 |
98 034 |
| Prescribed officers |
|
|
|
|
|
|
|
|
|
| GB Levin1 |
|
— |
— |
2 819 |
— |
128 |
4 108 |
7 055 |
— |
| JS Newman1 |
|
— |
— |
1 371 |
— |
— |
3 403 |
4 774 |
— |
|
|
— |
— |
4 190 |
— |
128 |
7 511 |
11 829 |
— |
|
|
8 551 |
173 |
35 567 |
35 714 |
128 |
7 511 |
87 644 |
98 034 |
| 1 |
Agreements were reached wherein it was resolved that GB Levin and JS Newman would exit the Group on 30 November 2024 and 26 August 2024 respectively. Accrued termination/separation benefits have been reflected. |
| For the year ended 31 May 2024 |
|
|
|
|
|
|
|
|
|
| Executive Directors |
|
|
|
|
|
|
|
|
|
| BM Levy |
|
— |
— |
11 701 |
6 649 |
— |
|
18 350 |
15 030 |
| MS Levy |
|
— |
— |
11 701 |
6 649 |
— |
|
18 350 |
15 030 |
| DA Suntup |
|
— |
— |
6 198 |
2 406 |
36 |
|
8 640 |
7 961 |
|
|
— |
— |
29 600 |
15 704 |
36 |
|
45 340 |
38 021 |
| Non-Executive Directors |
|
|
|
|
|
|
|
|
|
| LM Nestadt |
|
2 486 |
— |
— |
— |
— |
|
2 486 |
— |
| KM Ellerine* |
|
— |
— |
— |
— |
— |
|
— |
— |
| JS Mthimunye |
|
1 290 |
68 |
— |
— |
— |
|
1 358 |
— |
| SJ Vilakazi |
|
1 223 |
— |
— |
— |
— |
|
1 223 |
— |
| H Masondo |
|
507 |
— |
— |
— |
— |
|
507 |
— |
| NP Mnxasana |
|
790 |
45 |
— |
— |
— |
|
835 |
— |
| LE Mthimunye |
|
1 162 |
50 |
— |
— |
— |
|
1 212 |
— |
|
|
7 458 |
163 |
— |
— |
— |
|
7 621 |
— |
|
|
7 458 |
163 |
29 600 |
15 704 |
36 |
|
52 961 |
38 021 |
| Prescribed officers |
|
|
|
|
|
|
|
|
|
| GB Levin |
|
— |
— |
5 318 |
886 |
240 |
|
6 444 |
5 276 |
| JS Newman |
|
— |
— |
5 172 |
1 656 |
— |
|
6 828 |
3 322 |
|
|
— |
— |
10 490 |
2 542 |
240 |
|
13 272 |
8 598 |
|
|
7 458 |
163 |
40 090 |
18 246 |
276 |
|
66 233 |
46 619 |
| * |
Non-Executive Director, KM Ellerine, resigned on 5 June 2023. |
The fair value of conditional shares per Director has been included.
No Director has a notice period of more than one year.
No Director's service contract includes predetermined compensation as a result of termination that would exceed one year's salary and benefits.
|
|
Awards
outstanding as at
the beginning
of the year |
Number of shares
awarded during
the year |
Awards forfeited
during the year |
Awards vested
during the year |
Balance as at
the end of the year |
| CONDITIONAL SHARE PLAN |
|
|
|
|
|
|
|
| For the year ended 31 May 2025 |
|
|
|
|
|
|
|
| Executive Directors |
|
|
|
|
|
|
|
| BM Levy2 |
|
31 August 2024 |
803 501 |
— |
(224 980) |
— |
578 521 |
| BM Levy |
|
31 August 2025 |
874 878 |
— |
— |
— |
874 878 |
| BM Levy |
|
31 August 2026 |
1 817 001 |
— |
— |
— |
1 817 001 |
| BM Levy3 |
|
31 August 2027 |
— |
— |
— |
— |
— |
|
|
|
3 495 380 |
— |
(224 980) |
— |
3 270 400 |
| MS Levy2 |
|
31 August 2024 |
803 501 |
— |
(224 980) |
— |
578 521 |
| MS Levy |
|
31 August 2025 |
874 878 |
— |
— |
— |
874 878 |
| MS Levy |
|
31 August 2026 |
1 817 001 |
— |
— |
— |
1 817 001 |
| MS Levy3 |
|
31 August 2027 |
— |
— |
— |
— |
— |
|
|
|
3 495 380 |
— |
(224 980) |
— |
3 270 400 |
| DA Suntup2 |
|
31 August 2024 |
425 565 |
— |
(119 158) |
— |
306 407 |
| DA Suntup |
|
31 August 2025 |
463 369 |
— |
— |
— |
463 369 |
| DA Suntup |
|
31 August 2026 |
962 354 |
— |
— |
— |
962 354 |
| DA Suntup3 |
|
31 August 2027 |
— |
— |
— |
— |
— |
|
|
|
1 851 288 |
— |
(119 158) |
— |
1 732 130 |
| Prescribed officers |
|
|
|
|
|
|
|
| GB Levin |
|
31 August 2024 |
615 300 |
— |
(172 284) |
(443 016) |
— |
| GB Levin4 |
|
31 August 2025 |
198 801 |
— |
(91 449) |
(107 352) |
— |
| GB Levin5 |
|
31 August 2026 |
412 882 |
— |
(412 882) |
— |
— |
|
|
|
1 226 983 |
— |
(676 615) |
(550 368) |
— |
| JS Newman5 |
|
31 August 2024 |
177 570 |
— |
(177 570) |
— |
— |
| JS Newman5 |
|
31 August 2025 |
193 344 |
— |
(193 344) |
— |
— |
| JS Newman5 |
|
31 August 2026 |
401 549 |
— |
(401 549) |
— |
— |
|
|
|
772 463 |
— |
(772 463) |
— |
— |
| 2 |
Although 578 521 shares vested to BM Levy and MS Levy and 306 407 shares vested to DA Suntup during the year, the transfer
and/or sale of these shares were restricted due to a closed period in terms of the JSE Listings Requirements. The shares will be transferred once the closed period expires. The shares are included in treasury shares and management has concluded that no agency relationship exists over the shares while these rights are restricted. |
| 3 |
The 2024 share awards were not allocated to BM Levy, MS Levy and DA Suntup due to them being placed in a closed period.
The shares will be awarded once the closed period expires. |
| 4 |
The vesting of 107 352 shares formed part of GB Levin's Accrued Termination/Separation Benefits. |
| 5 |
These awards lapsed on exit. |
| CONDITIONAL SHARE PLAN |
|
|
|
|
|
|
|
|
|
| For the year ended 31 May 2024 |
|
|
|
|
|
|
|
|
|
| Executive Directors |
|
|
|
|
|
|
|
|
|
| BM Levy |
|
1 September 2020 |
3.20 |
31 August 2023 |
1 520 776 |
138 999 |
— |
(1 659 775) |
— |
| BM Levy |
|
6 April 2022 |
6.42 |
31 August 2024 |
803 501 |
— |
— |
— |
803 501 |
| BM Levy |
|
1 September 2022 |
6.25 |
31 August 2025 |
874 878 |
— |
— |
— |
874 878 |
| BM Levy |
|
23 October 2023 |
3.22 |
31 August 2026 |
— |
1 817 001 |
— |
— |
1 817 001 |
|
|
|
|
|
3 199 155 |
1 956 000 |
— |
(1 659 775) |
3 495 380 |
| MS Levy |
|
1 September 2020 |
3.20 |
31 August 2023 |
1 520 776 |
138 999 |
— |
(1 659 775) |
— |
| MS Levy |
|
6 April 2022 |
6.42 |
31 August 2024 |
803 501 |
— |
— |
— |
803 501 |
| MS Levy |
|
1 September 2022 |
6.25 |
31 August 2025 |
874 878 |
— |
— |
— |
874 878 |
| MS Levy |
|
23 October 2023 |
3.22 |
31 August 2026 |
— |
1 817 001 |
— |
— |
1 817 001 |
|
|
|
|
|
3 199 155 |
1 956 000 |
— |
(1 659 775) |
3 495 380 |
| DA Suntup |
|
1 September 2020 |
3.20 |
31 August 2023 |
805 462 |
73 619 |
— |
(879 081) |
— |
| DA Suntup |
|
6 April 2022 |
6.42 |
31 August 2024 |
425 565 |
— |
— |
— |
425 565 |
| DA Suntup |
|
1 September 2022 |
6.25 |
31 August 2025 |
463 369 |
— |
— |
— |
463 369 |
| DA Suntup |
|
23 October 2023 |
3.22 |
31 August 2026 |
— |
962 354 |
— |
— |
962 354 |
|
|
|
|
|
1 694 396 |
1 035 973 |
— |
(879 081) |
1 851 288 |
| Prescribed officers |
|
|
|
|
|
|
|
|
|
| GB Levin |
|
1 September 2020 |
3.20 |
31 August 2023 |
328 125 |
29 991 |
— |
(358 116) |
— |
| GB Levin |
|
6 April 2022 |
6.42 |
31 August 2024 |
615 300 |
— |
— |
— |
615 300 |
| GB Levin |
|
1 September 2022 |
6.25 |
31 August 2025 |
198 801 |
— |
— |
— |
198 801 |
| GB Levin |
|
23 October 2023 |
3.22 |
31 August 2026 |
— |
412 882 |
— |
— |
412 882 |
|
|
|
|
|
1 142 226 |
442 873 |
— |
(358 116) |
1 226 983 |
| JS Newman |
|
6 April 2022 |
6.42 |
31 August 2024 |
177 570 |
— |
— |
— |
177 570 |
| JS Newman |
|
1 September 2022 |
6.25 |
31 August 2025 |
193 344 |
— |
— |
— |
193 344 |
| JS Newman |
|
23 October 2023 |
3.22 |
31 August 2026 |
— |
401 549 |
— |
— |
401 549 |
|
|
|
|
|
370 914 |
401 549 |
— |
— |
772 463 |
|
