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
Investor.relations@africa.airtel.com
|
+44 7464 830 011
+44 207 493 9315
|
|
|
|
|
Airtel Africa - Group Company Secretary
Simon O'Hara
|
+44 207 493 9315
|
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
|