REG - Africa OpportunityFd - Director/PDMR Shareholding

Africa Opportunity FundAnnouncement

14/12/2023 07:15

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RNS Number : 7171W  Africa Opportunity Fund Limited  14 December 2023

14 December 2023

Africa Opportunity Fund Limited ("the Company")

Director/PDMR dealing

 

The Company announces that Robert Knapp, Director, has purchased 3,000,000
ordinary shares in the Company ("Ordinary Shares") at a price of US$0.51 per
Ordinary Share.  As a result, Robert Knapp is interested in 4,851,485
Ordinary Shares.

The Company also announces that Africa Opportunity Cayman Limited, a Person
Closely Associated with Robert Knapp, also purchased 1,387,375 Ordinary Shares
in the Company at a price of US$0.51 per Ordinary Share.

The notification below, made in accordance with the requirements of the UK
Market Abuse Regulation, provides further detail.

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

  1.   Details of the person discharging managerial responsibilities/person closely
       associated
 (a)   Name                                             Robert Knapp
 2.    Reason for the notification
 (a)   Position/status                                  Director
 (b)   Initial notification/Amendment                   Initial notification
 3.    Details of the issuer
 (a)   Name                                             Africa Opportunity Fund Limited
 (b)   LEI                                              213800R1UVN1T8YXS179
 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          Ordinary shares of US$0.01 each
 (b)   Identification code of the Financial Instrument  KYG012981535
 (c)   Nature of the transaction                        Purchase of shares
 (d)   Price(s) and volume(s)                           Price(s)                    Volume(s)
                                                        US$0.51                     3,000,000

 (e)   Aggregated information                           N/A

       -             Aggregated volume

       -             Price
 (f)   Date of the transaction                          6 December 2023
 (g)   Place of the transaction                         London Stock Exchange

 

 1.   Details of the person discharging managerial responsibilities/person closely
      associated
 (a)  Name                                             Africa Opportunity Cayman Limited
 2.   Reason for the notification
 (a)  Position/status                                  PCA to a PDMR
 (b)  Initial notification/Amendment                   Initial notification
 3.   Details of the issuer
 (a)  Name                                             Africa Opportunity Fund Limited
 (b)  LEI                                              213800R1UVN1T8YXS179
 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          Ordinary shares of US$0.01 each
 (b)  Identification code of the Financial Instrument  KYG012981535
 (c)  Nature of the transaction                        Purchase of shares
 (d)  Price(s) and volume(s)                           Price(s)                    Volume(s)
                                                       US$0.51                     1,387,375

 (e)  Aggregated information                            N/A 

      -             Aggregated volume

      -             Price
 (f)  Date of the transaction                          6 December 2023
 (g)  Place of the transaction                         London Stock Exchange

 

 

For further information please contact:

Africa Opportunity Fund Limited

Francis Daniels

Tel: +2711 684 1528

 

Liberum (Corporate Broker)

Darren Vickers / Owen Matthews

Tel: +44 20 3100 2000

 

About Africa Opportunity Fund Limited:

Africa Opportunity Fund Limited ("AOF") is a closed-end investment company
incorporated in the Cayman Islands and traded on the Specialist Fund Segment
of the London Stock Exchange. For more information about AOF, see
www.africaopportunityfund.com (http://www.africaopportunityfund.com) .

 

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