Director/PDMR Shareholding

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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