Director/PDMR Shareholding

RNS Number : 9828D

Airtel Africa PLC

02 November 2020

 

Airtel Africa plc

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

Director/PDMR Shareholding

London and Lagos, 2 November 2020: Airtel Africa announces the following changes to the interests of PDMRs in the Company's ordinary shares of $0.50 each ("Ordinary Shares").

On 30 October 2020, the Company granted the following awards over Ordinary Shares under the terms of the Airtel Africa Long Term Incentive Plan (the "LTIP") to the following PDMRs at nil cost:

Name	Maximum No. of Performance Shares Receivable	No. of Restricted Shares Receivable
Raghunath Mandava	975,904	433,735

Under normal circumstances, awards of Performance Shares and Restricted Shares will fully vest on 30 October 2023, subject to the rules of the LTIP and the Company's approved Remuneration Policy. Performance Shares and Restricted Shares are also subject to performance conditions.

-ENDS-

Enquiries :

Airtel Africa - Corporate Governance Simon O'Hara simon.ohara @africa.airtel.com	[phone]
Hudson Sandler Nick Lyon Bertie Berger [e-mail]	[phone]

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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