REG - Airtel Africa PLC - Director/PDMR Shareholding

Airtel AfricaAnnouncement

02/11/2020 14:30

RNS Number : 9828D
  
Airtel Africa PLC
  
02 November 2020
  
 

 
Airtel Africa plc
("Airtel Africa", or the "Company")
Director/PDMR Shareholding 
 
London and Lagos, 2 November 2020: Airtel Africa announces the following changes to the interests of PDMRs in the Company's ordinary shares of $0.50 each ("Ordinary Shares").
On 30 October 2020, 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 




Raghunath Mandava


975,904 


433,735 



 
Under normal circumstances, awards of Performance Shares and Restricted Shares will fully vest on 30 October 2023, subject to the rules of the LTIP and the Company's approved Remuneration Policy. Performance Shares and Restricted Shares are also subject to performance conditions.
 
-ENDS-
 
Enquiries:



Airtel Africa - Corporate Governance
Simon O'Hara
simon.ohara@africa.airtel.com


+44 207 493 9315
























Hudson Sandler
Nick Lyon
Bertie Berger
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

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