Director/PDMR Shareholding

RNS Number : 2911Y

Africa Opportunity Fund Limited

02 March 2017

2 March 2017

Africa Opportunity Fund Limited ("the Company")

Director/PDMR Shareholding

The Company announces that on 28 February 2017, Robert Knapp, a Non-executive Director of the Company, purchased 2,574,212 ordinary shares of US$0.01 each in the capital of the Company ("Ordinary Shares"). As a result, Robert Knapp holds a beneficial interest in 11,989,072 Ordinary Shares, representing 16.7 per cent. of the Company's entire issued share capital with voting rights attached.

The below notification, made in accordance with the requirements of article 19.3 of the EU Market Abuse Regulation, provides further details.

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	Non-executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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, type of instrument	Ordinary Shares of US$0.01 each

	Identification code	ISIN: KYG012921048

b)	Nature of the transaction	Purchase of shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			$0.60	2,574,212

d)	Aggregated information
		Aggregate volume: 2,574,212
	- Aggregated volume	Aggregate price: $0.60
		Aggregate total: $1,544,527
	- Price

e)	Date of the transaction	28 February 2017
f)	Place of the transaction	London Stock Exchange (XLON)