REG - Airtel Africa PLC - Holding(s) in Company

Airtel AfricaAnnouncement

24/02/2025 16:00

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RNS Number : 2534Y  Airtel Africa PLC  24 February 2025

Airtel Africa plc (the "Company") - Notification of Major Interests in
Shares   

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB00BKDRYJ47

Issuer Name

AIRTEL AFRICA PLC

UK or Non-UK Issuer

UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

Bharti Airtel Limited

City of registered office (if applicable)

Gurugram

Country of registered office (if applicable)

India

4. Details of the shareholder

 Name                             City of registered office  Country of registered office
 Airtel Africa Mauritius Limited  Mauritius                  Mauritius

5. Date on which the threshold was crossed or reached

21-Feb-2025

6. Date on which Issuer notified

21-Feb-2025

7. Total positions of person(s) subject to the notification obligation

                                                                            % of voting rights attached to shares (total of 8.A)  % of voting rights through financial instruments (total of 8.B 1 + 8.B 2)  Total of both in % (8.A + 8.B)  Total number of voting rights held in issuer
 Resulting situation on the date on which threshold was crossed or reached  61.744999                                             0.000000                                                                   61.744999                       2268691385
 Position of previous notification (if applicable)                          57.059585                                             0.000000                                                                   57.059585

8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached

8A. Voting rights attached to shares

 Class/Type of shares ISIN code(if possible)  Number of direct voting rights (DTR5.1)  Number of indirect voting rights (DTR5.2.1)  % of direct voting rights (DTR5.1)  % of indirect voting rights (DTR5.2.1)
 GB00BKDRYJ47                                 0                                        2268691385                                   0.000000                            61.744999
 Sub Total 8.A                                2268691385                                                                            61.744999%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

 Type of financial instrument  Expiration date  Exercise/conversion period  Number of voting rights that may be acquired if the instrument is  % of voting rights
                                                                            exercised/converted

 Sub Total 8.B1

8B2. Financial Instruments with similar economic effect according to
(DTR5.3.1R.(1) (b))

 Type of financial instrument  Expiration date  Exercise/conversion period  Physical or cash settlement  Number of voting rights  % of voting rights

 Sub Total 8.B2

9. Information in relation to the person subject to the notification
obligation

2. Full chain of controlled undertakings through which the voting rights
and/or the financial instruments are effectively held starting with the
ultimate controlling natural person or legal entities (please add additional
rows as necessary)

 Ultimate controlling person                   Name of controlled undertaking   % of voting rights if it equals or is higher than the notifiable threshold  % of voting rights through financial instruments if it equals or is higher  Total of both if it equals or is higher than the notifiable threshold
                                                                                                                                                            than the notifiable threshold
 Bharti Enterprises (Holding) Private Limited  Bharti Airtel Limited            0.000000                                                                    0.000000                                                                    0.000000%
 Bharti Enterprises (Holding) Private Limited  Network i2i Limited              0.000000                                                                    0.000000                                                                    0.000000%
 Bharti Enterprises (Holding) Private Limited  Airtel Africa Mauritius Limited  61.744999                                                                   0.000000                                                                    61.744999%

10. In case of proxy voting

Name of the proxy holder

 

The number and % of voting rights held

 

The date until which the voting rights will be held

 

11. Additional Information

Bharti Airtel Limited holds 100% voting rights in Network i2i Limited, which
in turn holds 100% voting rights in Airtel Africa Mauritius Limited ('AAML'),
a major shareholder of Airtel Africa plc.

This disclosure under DTR 5 is being given pursuant to acquisition of
additional 163,582,580 (i.e. 4.4521%) ordinary shares of $0.50 each of Airtel
Africa plc ('AAplc') on February 21, 2025, consequent to which the
shareholding of AAML in AAplc has been increased from 57.2929% to 61.74750%.

We wish to submit that the minor difference in the pre-acquisition stake (i.e.
57.2929%) and stake reported in our previous TR-1 notification dt. December
16, 2024 (i.e. 57.0596%) is on account of consequential increase in stake due
of purchase of its own shares by AAplc under share buy-back programme
com-menced on December 23, 2024.

The shareholding percentages in this notice are calculated on the basis of
3,674,291,716 ordinary shares of $0.50 each of AAplc. In this notification,
figures are rounded to the nearest 4 decimal places. Any discrep-ancies in
aggregated figures are due to rounding-off.

12. Date of Completion

24-Feb-2025

13. Place Of Completion

New Delhi, India

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