Director/PDMR Shareholding

Airtel Africa PLC

03 July 2023

 

Airtel Africa plc

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

Director/PDMR Shareholding

This notification is made in accordance with Article 19(3) of the Market Abuse Regulation.

London and Lagos, 3 July 2023: Airtel Africa announces the following changes to the interests of PDMRs in the Company's ordinary shares of $0.50 each ("Ordinary Shares").

On 27 June 2023, 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
Olusegun Ogunsanya	1,065,621	355,207
Jaideep Kishore Paul	452,646	181,058

The number of Award Shares set out above is the maximum number which may vest under the Awards, normally following the third anniversary of the award date. The actual number of Award Shares which vest will depend upon the extent to which performance conditions have been satisfied.

The performance conditions applicable to the 2023 Awards will be based 40% Compound annual growth in Net Revenue (CAGR %) over three financial years commencing 1 April 2023, 40% Increase in Underlying EBITDA Margin and 20% on total shareholder return (TSR) ranking against MSCI Emerging Markets Communications Service Index.

The 2023 Awards are subject to a holding period which will run until the fifth anniversary of the grant date.

-ENDS-

Enquiries

Airtel Africa - Investor Relations Pier Falcione Alastair Jones [e-mail]	[phone] [phone] [phone]
Hudson Sandler Nick Lyon Emily Dillon [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

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Olusegun Ogunsanya
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial notification
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 financial instrument, type of instrument	Performance share award and restricted share award in the form of nil-cost options over Airtel Africa plc $0.50 ordinary shares
	Identification code	ISIN: GB00BKDRYJ47
b)	Nature of the transaction	Grant of performance share awards and restricted shares under the Airtel Africa plc Share Plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£1.1197	1,065,621
				355,207
d)	Aggregated information
	- Aggregated volume	1,420,828
	- Aggregated Price - Aggregated Total	£1.1197 £1, 590,901
e)	Date of the transaction	27 June 2023
f)	Place of the transaction	London - outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jaideep Kishore Paul
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification /Amendment	Initial notification
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 financial instrument, type of instrument	Performance share award and restricted share award in the form of nil-cost options over  Airtel Africa plc $0.50 ordinary shares
	Identification code	ISIN: GB00BKDRYJ47
b)	Nature of the transaction	Grant of performance share awards under the Vesuvius Share Plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£1.1197	452,646
				181,058
d)	Aggregated information
	- Aggregated volume	633, 704
	- Aggregated Price - Aggregated Total	£1.1197 £ 709,558
e)	Date of the transaction	27 June 2023
f)	Place of the transaction	London - outside a trading venue

Simon O'Hara

Group Company Secretary

 

END