TIDMAAF

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   No. of Restricted Shares 
                       Shares Receivable            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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END

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November 02, 2020 09:30 ET (14:30 GMT)

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