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Airtel Africa PLC
Remuneration Information • Jul 3, 2024
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Remuneration Information
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National Storage Mechanism | Additional information 
RNS Number : 9918U
Airtel Africa PLC
03 July 2024
Airtel Africa plc
("Airtel Africa", or "Group")
Director/PDMR Shareholdings
London and Lagos, 3 July 2024: Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, announces that on 28 June 2024, the following Persons Discharging Managerial Responsibilities ("PDMRs") received ordinary shares of USD 0.50 each under The Airtel Africa Long-Term Incentive Plan.
Vesting of Awards under The Airtel Africa Long-Term Incentive Plan.
1. Olusegun Ogunsanya (vesting prior to his resignation as Chief Executive Officer at Airtel Africa on the 30 June 2024)
| Performance Share Awards | Restricted Share Awards | Deferred Bonus Awards | Total Number of shares acquired |
| 580,474 | 326,786 | 136,161 | 1,043,421 |
2. Jaideep Paul, Group Chief Financial Officer
| Performance Share Awards | Restricted Share Awards | Deferred Bonus Awards | Total Number of shares acquired |
| 308,212 | 182,188 | 134,954 | 625,354 |
Details of the transaction as required by the UK Market Abuse Regulation can be found below.
| 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 | Vesting of Performance Share Awards under The Airtel Africa Long-Term Incentive Plan | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| Nil | 580,474 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | 580,474 | ||||
| - Aggregated Price | Nil | ||||
| e) | Date of the transaction | 28 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 | Vesting of Restricted Share Awards under The Airtel Africa Long-Term Incentive Plan | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| Nil | 326,786 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | 326,786 | ||||
| - Aggregated Price | Nil | ||||
| e) | Date of the transaction | 28 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 | Vesting of Deferred Bonus Awards under The Airtel Africa Long-Term Incentive Plan | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| Nil | 136,161 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | 136,161 | ||||
| - Aggregated Price | Nil | ||||
| e) | Date of the transaction | 28 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 | Vesting of Performance Share Awards under The Airtel Africa Long-Term Incentive Plan | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| Nil | 308,212 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | 308,212 | ||||
| - Aggregated Price | Nil | ||||
| e) | Date of the transaction | 28 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 | Vesting of Restricted Share Awards under The Airtel Africa Long-Term Incentive Plan | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| Nil | 182,188 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | 182,188 | ||||
| - Aggregated Price | Nil | ||||
| e) | Date of the transaction | 28 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 | Vesting of Deferred Bonus Awards under The Airtel Africa Long-Term Incentive Plan | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| Nil | 134,954 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | 134,954 | ||||
| - Aggregated Price | Nil | ||||
| e) | Date of the transaction | 28 June 2024 | |||
| f) | Place of the transaction | Outside a trading venue |
-ENDS-
Enquiries
| Airtel Africa - Investor Relations Alastair Jones [email protected] |
+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.
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