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Airtel Africa plc
("Airtel Africa", or "Company")
Director/PDMR Shareholdings
London and Lagos, 1 July 2026: Airtel Africa announces the following changes to the interests of PDMRs in the Company's ordinary shares of $0.50 each ("Ordinary Shares").
On 26 June 2026 (the "Grant Date"), the Company granted the following conditional share awards over Ordinary Shares under the terms of the Airtel Africa Long-Term Incentive Plan ("Awards") to the following PDMRs at nil cost. The Awards were granted using a share price of £3.439, being the average middle market quotation of a share over the period of three dealing days ending 25 June 2026.
Awards
Name | No. of Ordinary Shares under Performance Share Awards | No. of Ordinary Shares under Restricted Share Awards | No. of Ordinary Shares under Deferred Bonus Shares Awards |
Sunil Taldar | 418,827 | 110,218 | 79,748 |
Kamal Dua | 128,381 | 32,095 | 25,075 |
The number of Ordinary Shares set out above is the maximum number which may vest under the Awards, normally following the third anniversary of the Grant Date save for the Deferred Bonus Shares Awards which will normally vest on the second anniversary of the Grant Date. For the Performance Share Awards and Restricted Share Awards, the actual number of Ordinary Shares which vest will depend on the extent to which performance conditions relating to the Awards have been satisfied.
The performance conditions applicable to the Performance Share Awards will be based on Compound annual growth in Net Revenue (CAGR %) over three financial years commencing 1 April 2026, Increase in Underlying EBITDA Margin and total shareholder return (TSR) ranking against MSCI Emerging Markets Communications Service Index.
The performance underpin applicable to the Restricted Share Awards will be based on the Company's Operating Free Cash Flow.
The Awards are subject to a holding period which will run until the fifth anniversary of the Grant Date.
This notification is made in accordance with Article 19(3) of the UK Market Abuse Regulation.
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Sunil Taldar | |||
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 Performance Share Award under the Airtel Africa Long-Term Incentive Plan | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Nil | 418,827 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 418,827 | ||||
- Aggregated Price
| Nil
| ||||
e)
| Date of the transaction
| 26 June 2026 | |||
f)
| Place of the transaction
| London - outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Kamal Dua | |||
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 Award under the Airtel Africa Long-Term Incentive Plan | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Nil | 128,381 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 128,381 | ||||
- Aggregated Price
| Nil
| ||||
e)
| Date of the transaction
| 26 June 2026 | |||
f)
| Place of the transaction
| London - outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Sunil Taldar | |||
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 Restricted Share Award under the Airtel Africa Long-Term Incentive Plan | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Nil | 110,218 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 110,218 | ||||
- Aggregated Price
| Nil
| ||||
e)
| Date of the transaction
| 26 June 2026 | |||
f)
| Place of the transaction
| London - outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Kamal Dua | |||
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 Award under the Airtel Africa Long-Term Incentive Plan | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Nil | 32,095 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 32,095 | ||||
- Aggregated Price
| Nil
| ||||
e)
| Date of the transaction
| 26 June 2026 | |||
f)
| Place of the transaction
| London - outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Sunil Taldar | |||
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 Shares Award under the Airtel Africa Long-Term Incentive Plan | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Nil | 79,748 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 79,748 | ||||
- Aggregated Price
| Nil
| ||||
e)
| Date of the transaction
| 26 June 2026 | |||
f)
| Place of the transaction
| London - outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Kamal Dua | |||
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 Shares Award under the Airtel Africa Long-Term Incentive Plan | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Nil | 25,075 | ||||
d)
| Aggregated information | ||||
- Aggregated volume | 25,075 | ||||
- Aggregated Price
| Nil
| ||||
e)
| Date of the transaction
| 26 June 2026 | |||
f)
| Place of the transaction
| London - outside a trading venue | |||
-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 operations in 14 countries in sub-Saharan Africa. Airtel Africa provides an integrated offer to its subscribers, including mobile voice and data services as well as mobile money services both nationally and internationally. The company's strategy is focused on providing a great customer experience across the entire footprint, enabling our corporate purpose of transforming lives across Africa.
www.airtel.africa
Airtel Africa (AAF)
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