PDMR share grant

Airtel Africa PLC

01 July 2024

 

Airtel Africa plc

("Airtel Africa", or "Group")

 Director/PDMR Shareholdings

London and Lagos, 1 July 2024: Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, announces that ordinary shares of USD 0.50 each were granted as share awards on 25 June 2024 (the "Grant Date") to the following Persons Discharging Managerial Responsibilities ("PDMRs") in accordance with the rules of the Airtel Africa Long-Term Incentive Plan. The conditional share awards were granted using a share price of 119 pence being the average middle market quotation of a share over the period of three dealing days ending 24 June 2024.

Grant of Awards under The Airtel Africa Long-Term Incentive Plan.

1.    Performance Share Awards

		Number of Shares
Jaideep Kishore Paul	Group Chief Financial Officer	449,931

Performance Share Awards will normally vest on the third anniversary of the Grant Date, subject to the performance targets based on three key areas: Net Revenue Growth, Total Shareholder Return and Underlying EBITDA Margin. For more information, please consult our FY 2023/24 Director's Remuneration Report.

2.    Restricted Share Awards

		Number of Shares
Jaideep Kishore Paul	Group Chief Financial Officer	179,972

Restricted Share Awards will normally vest on the third anniversary of the Grant Date, subject to an Operating Free Cash Flow Performance Underpin.   

3.    Deferred Bonus Awards

		Number of Shares
Olusegun Ogunsanya	Chief Executive Officer	283,555
Jaideep Kishore Paul	Group Chief Financial Officer	172,532

Deferred Bonus Shares Awards will normally vest on the second anniversary of the Grant Date with the exception of the outgoing CEO, Olusegun Ogunsanya, whose award will normally vest in full on departure on account of him being a good leaver.

 Details of the transaction as required by the UK Market Abuse Regulation can be found below.

-ENDS-

Enquiries

Airtel Africa - Investor Relations Alastair Jones [e-mail]	[phone] [phone]
Airtel Africa - Group Company Secretary Simon O'Hara	[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	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	Airtel Africa plc $0.50 ordinary shares
	Identification code	ISIN: GB00BKDRYJ47
b)	Nature of the transaction	Grant of Performance Share Awards under The Airtel Africa Long-Term Incentive Plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	449,931
d)	Aggregated information
	- Aggregated volume	449,931
	- Aggregated Price	Nil
e)	Date of the transaction	25 June 2024
f)	Place of the transaction	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	Airtel Africa plc $0.50 ordinary shares
	Identification code	ISIN: GB00BKDRYJ47
b)	Nature of the transaction	Grant of Restricted Share Awards under The Airtel Africa Long-Term Incentive Plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	179,972
d)	Aggregated information
	- Aggregated volume	179,972
	- Aggregated Price	Nil
e)	Date of the transaction	25 June 2024
f)	Place of the transaction	Outside a trading venue

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	Airtel Africa plc $0.50 ordinary shares
	Identification code	ISIN: GB00BKDRYJ47
b)	Nature of the transaction	Grant of Deferred Bonus Awards under The Airtel Africa Long-Term Incentive Plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	283,555
d)	Aggregated information
	- Aggregated volume	283,555
	- Aggregated Price	Nil
e)	Date of the transaction	25 June 2024
f)	Place of the transaction	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	Airtel Africa plc $0.50 ordinary shares
	Identification code	ISIN: GB00BKDRYJ47
b)	Nature of the transaction	Grant of Deferred Bonus Awards under The Airtel Africa Long-Term Incentive Plan
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil	172,532
d)	Aggregated information
	- Aggregated volume	172,532
	- Aggregated Price	Nil
e)	Date of the transaction	25 June 2024
f)	Place of the transaction	Outside a trading venue

 

END