TIDMAAF

RNS Number : 7425J

Airtel Africa PLC

24 December 2020

London and Lagos, 24 December 2020

Airtel Africa plc

("Airtel Africa", or the "Company")

Notification and public disclosure of transactions by persons discharging managerial responsibilities ('PDMRs')

On 11 December 2020, the Company paid a final dividend of $1.5 cents per ordinary share to all registered shareholders as at 13 November 2020.

The Company has been notified that on 22 December 2020, the Trustees of the Company's Long-Term Incentive Plan (the "Plan") purchased ordinary shares in the market to be held under the Plan as Dividend Shares. Details of the number of Dividend Shares issued to persons discharging managerial responsibilities ("PDMRs") are shown below:

 
 Name                 Position              Number of         Market       Total number of 
                                             Dividend        Purchased      Shares held on 
                                          Shares acquired    Price per    22 December 2020, 
                                                               share      including Dividend 
                                                                                Shares 
                      Chief executive 
 Raghunath Mandava     officer                 7369          GBP0.754          499089 
                     -----------------  -----------------  -----------  -------------------- 
 

This announcement and the following disclosures are made in accordance with Article 19 of the EU Market Abuse Regulation:

 
1.    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Raghunath Mandava 
     --------------------------  ----------------------------------------------- 
 2.   Reason for the notification 
     --------------------------------------------------------------------------- 
 a)   Position/status             Chief Executive Officer 
     --------------------------  ----------------------------------------------- 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  ----------------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------------- 
 a)   Name                        Airtel Africa plc 
     --------------------------  ----------------------------------------------- 
 b)   LEI                         254900ZNZDQL6OWQH623 
     --------------------------  ----------------------------------------------- 
 4    Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions have 
       been conducted 
     --------------------------------------------------------------------------- 
 a)   Description of the          Ordinary shares of US$0.50 each 
       financial instrument, 
       type of instrument          ISIN: GB00BKDRYJ47 
       Identification code 
     --------------------------  ----------------------------------------------- 
 b)   Nature of the transaction   Issue of dividend shares purchased by the 
                                   Trustees of the Company's Long-Term Incentive 
                                   Plan 
     --------------------------  ----------------------------------------------- 
 c)   Price(s) and volume(s)      Price(s)    Volume(s) 
                                    GBP0.754        7369 
                                              ---------- 
     --------------------------  ----------------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume         7369 shares 
       - Price                     GBP5,556.22 
     --------------------------  ----------------------------------------------- 
 e)   Date of the transaction     22 December 2020 
     --------------------------  ----------------------------------------------- 
 f)   Place of the transaction    London Stock Exchange 
     --------------------------  ----------------------------------------------- 
 

Enquiries:

 
 Airtel Africa - Corporate Governance 
  Simon O'Hara 
  simon.ohara@africa.airtel.com          +44 207 493 9315 
 
 
 Hudson Sandler 
  Nick Lyon 
  Bertie Berger 
  airtelafrica@hudsonsandler.com         +44 207 796 4133 
 
 
 

About Airtel Africa

Airtel Africa is a leading provider of telecommunications and mobile money services, with a presence in 14 countries in Africa, primarily in East Africa and Central and West Africa.

Airtel Africa offers an integrated suite of telecommunications solutions to its subscribers, including mobile voice and data services as well as mobile money services both nationally and internationally.

The Group aims to continue providing a simple and intuitive customer experience through streamlined customer journeys.

www.airtel.africa

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December 24, 2020 02:00 ET (07:00 GMT)