Last checked at 3 Jul 2023 16:30
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 Investor.relations@africa.airtel.com |
+44 7446 858 280 +44 7464 830 011 +44 207 493 9315 |
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Hudson Sandler Nick Lyon Emily Dillon 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
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