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Airtel Africa PLC
Director's Dealing • Jul 1, 2024
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Director's Dealing
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National Storage Mechanism | Additional information 
RNS Number : 6500U
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 [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.
| 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 |
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