TIDMAAF

RNS Number : 9812K

Airtel Africa PLC

07 September 2021

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 
                                                                                                                                              Hero Inc Limited 
                                                                                                                     City of registered office (if applicable) 
                                                                                                                                                     Knutsford 
                                                                                                                  Country of registered office (if applicable) 
                                                                                                                                                United Kingdom 
                                                                                                                                 4. Details of the shareholder 
                                                                                           Full name of shareholder(s) if different from the person(s) subject 
                                                                                                                         to the notification obligation, above 
 
                                                                                                                     City of registered office (if applicable) 
 
                                                                                                                  Country of registered office (if applicable) 
 
                                                                                                         5. Date on which the threshold was crossed or reached 
                                                                                                                                                   03-Sep-2021 
                                                                                                                              6. Date on which Issuer notified 
                                                                                                                                                   06-Sep-2021 
  7. Total positions of person(s) subject to the notification obligation                       % of voting        % of voting        Total of     Total number 
                                                                                                  rights attached     rights through     both in     of voting 
                                                                                             to shares           financial          % (8.A +    rights held in 
                                                                                                     (total of           instruments        8.B)        issuer 
                                                                                                                                 8.A)                (total of 
                                                                                                                                                   8.B 1 + 8.B 
                                                                                                                                                            2) 
                                                                                                                                                     Resulting 
                                                                                                                                                     situation 
                                                                                                                                                on the date on 
                                                                                                                                               which threshold 
                                                                                                                                                was crossed or 
                                                                              reached             2.989271           0.000000           2.989271     112341357 
                                                                                           =================  =================  ===========  ================ 
                                                                                                                                                   Position of 
                                                                                                                                                      previous 
                                                                                                                                                  notification 
                                                                                                                                               (if applicable) 
                                                                                           =================  =================  ===========  ================ 
 
                                                                                           8. Notified details of the resulting situation on the date on which 
                                                                                                                          the threshold was crossed or reached 
                                     8A. Voting rights attached to sharesClass/Type of       Number of        Number of        % of direct       % of indirect 
                                                                         shares ISIN         direct voting    indirect voting  voting rights     voting rights 
                                                                            code(if possible)   rights (DTR5.1)  rights           (DTR5.1)          (DTR5.2.1) 
                                                                                                                                                    (DTR5.2.1) 
                                                                                             GB00BKDRYJ47           112341357                         2.989271 
                                                                                          ===============  ===============  ================  ================ 
                                                                                            Sub Total 8.A          112341357                         2.989271% 
                                                                                          ================================  ================================== 
 
              8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))Type of         Expiration      Exercise/conversion  Number of voting     % of voting 
                                                                              financial       date            period               rights that may be   rights 
                                                                                          instrument                                           acquired if the 
                                                                                                                                                 instrument is 
                                                                                                                                           exercised/converted 
 
                                                                                                                                                Sub Total 8.B1 
                                                                                      ===================================  ===================  ============== 
 
                                                                                             8B2. Financial Instruments with similar economic effect according 
                                                 to (DTR5.3.1R.(1) (b))Type of      Expiration    Exercise/conversion  Physical or   Number of     % of voting 
                                                                            financial    date          period               cash          voting        rights 
                                                                                          instrument                                      settlement    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            Name of controlled  % of voting      % of voting     Total of both 
                                                                      controlling person  undertaking         rights if it     rights through  if it equals or 
                                                                                                               equals or is     financial       is higher than 
                                                                                                               higher than the  instruments if  the notifiable 
                                                                                                                    notifiable       it equals or    threshold 
                                                                                                                               threshold        is higher than 
                                                                                                                                                the notifiable 
                                                                                                                                                     threshold 
                                                                                                                                Mr Sunil Kant       Global Ivy 
                                                                                                                              Munjal              Ventures LLP 
                                                                                                                                               (Indian LLP No. 
                                                                                                                                                     AAE-3956) 
                                                                                          ==================  ===============  ==============  =============== 
                                                                                                                                 Global Ivy          Hero Inc. 
                                                                                                                                   Ventures LLP        Limited 
                                                                                                                                               (Indian LLP No. 
                                                                                                                                                     AAE-3956) 
                                                                                          ==================  ===============  ==============  =============== 
 
                                                                                                                                   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 
                                                                                                The percentage of voting rights attached to shares referred to 
                                                                                             as the position of the previous notification in Section 7 is from 
                                                                                              the pricing statement published by the Issuer on 28 June 2019 in 
                                                                                             connection with its initial public offering (assuming no exercise 
                                                                                                                                of the Over-allotment Option). 
 
                                                                                       Mr Sunit Kant Munjal holds a 99.99% interest in BML Private Investments 
                                                                                                Limited (Indian Company No. U67120DL2008PTC182673) which holds 
                                                                                               a 0.01% interest in Global Ivy Ventures LLP (with the remaining 
                                                                                                          99.99% being held directly by Mr Sunit Kant Munjal). 
 
                                                                                                                                        12. Date of Completion 
                                                                                                                                                   06-Sep-2021 
 
                                                                                                                                       13. Place Of Completion 
                                                                                                                                            Knutsford, England 
 

Notes

(i) Please note that national forms may vary due to specific national legislation (Article 3(1a) of Directive 2004/109/EC) as for instance the applicable thresholds or information regarding capital holdings.

(ii) Full name of the legal entity and further specification of the issuer or underlying issuer, provided it is reliable and accurate (e.g. address, LEI, domestic number identity). Indicate in the relevant section whether the issuer is a non UK issuer.

(iii) Other reason for the notification could be voluntary notifications, changes of attribution of the nature of the holding (e.g. expiring of financial instruments) or acting in concert.

(iv) This should be the full name of (a) the shareholder; (b) the natural person or legal entity acquiring, disposing of or exercising voting rights in the cases provided for in DTR5.2.1 (b) to (h)/ Article 10 (b) to (h) of Directive 2004/109/EC; (c) all parties to the agreement referred to in Article 10 (a) of Directive 2004/109/EC (DTR5.2.1 (a)) or (d) the holder of financial instruments referred to in Article 13(1) of Directive 2004/109/EC (DTR5.3.1).

As the disclosure of cases of acting in concert may vary due to the specific circumstances (e.g. same or different total positions of the parties, entering or exiting of acting in concert by a single party) the standard form does not provide for a specific method how to notify cases of acting in concert.

In relation to the transactions referred to in points (b) to (h) of Article 10 of Directive 2004/109/EC (DTR5.2.1 (b) to (h)), the following list is provided as indication of the persons who should be mentioned:

- in the circumstances foreseen in letter (b) of Article 10 of that Directive (DTR5.2.1 (b)), the natural person or legal entity that acquires the voting rights and is entitled to exercise them under the agreement and the natural person or legal entity who is transferring temporarily for consideration the voting rights;

- in the circumstances foreseen in letter (c) of Article 10 of that Directive (DTR5.2.1 (c)), the natural person or legal entity holding the collateral, provided the person or entity controls the voting rights and declares its intention of exercising them, and natural person or legal entity lodging the collateral under these conditions;

- in the circumstances foreseen in letter (d) of Article 10 of that Directive (DTR5.2.1 (d)), the natural person or legal entity who has a life interest in shares if that person or entity is entitled to exercise the voting rights attached to the shares and the natural person or legal entity who is disposing of the voting rights when the life interest is created;

- in the circumstances foreseen in letter (e) of Article 10 of that Directive (DTR5.2.1 (e)), the controlling natural person or legal entity and, provided it has a notification duty at an individual level under Article 9 (DTR 5.1), under letters (a) to (d) of Article 10 of that Directive (DTR5.2.1 (a) to (d)) or under a combination of any of those situations, the controlled undertaking;

- in the circumstances foreseen in letter (f) of Article 10 of that Directive (DTR5.2.1 (f)), the deposit taker of the shares, if he can exercise the voting rights attached to the shares deposited with him at his discretion, and the depositor of the shares allowing the deposit taker to exercise the voting rights at his discretion;

- in the circumstances foreseen in letter (g) of Article 10 of that Directive (DTR5.2.1 (g)), the natural person or legal entity that controls the voting rights;

- in the circumstances foreseen in letter (h) of Article 10 of that Directive (DTR5.2.1 (h)), the proxy holder, if he can exercise the voting rights at his discretion, and the shareholder who has given his proxy to the proxy holder allowing the latter to exercise the voting rights at his discretion (e.g. management companies).

(v) Applicable in the cases provided for in Article 10 (b) to (h) of Directive 2004/109/EC (DTR5.2.1 (b) to (h). This should be the full name of the shareholder who is the counterparty to the natural person or legal entity referred to in Article 10 of that Directive (DTR5.2) unless the percentage of voting rights held by the shareholder is lower than the lowest notifiable threshold for the disclosure of voting rights holdings in accordance with national practices (e.g. identification of funds managed by management companies).

(vi) The date on which threshold is crossed or reached should be the date on which the acquisition or disposal took place or the other reason triggered the notification obligation. For passive crossings, the date when the corporate event took effect.

(vii) The total number of voting rights shall be composed of all the shares, including depository receipts representing shares, to which voting rights are attached even if the exercise thereof is suspended.

(viii) If the holding has fallen below the lowest applicable threshold in accordance with national law, please note that it might not be necessary in accordance with national law to disclose the extent of the holding, only that the new holding is below that threshold.

(ix) In case of combined holdings of shares with voting rights attached "direct holding" and voting rights "indirect holding", please split the voting rights number and percentage into the direct and indirect columns - if there is no combined holdings, please leave the relevant box blank.

(x) Date of maturity/expiration of the financial instrument i.e. the date when right to acquire shares ends.

(xi) If the financial instrument has such a period - please specify this period - for example once every 3 months starting from [date].

(xii) In case of cash settled instruments the number and percentages of voting rights is to be presented on a delta-adjusted basis (Article 13(1a) of Directive 2004/109/EC) (DTR 5.3.3.A).

(xiii) If the person subject to the notification obligation is either controlled and/or does control another undertaking then the second option applies.

(xiv) The full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity has to be presented also in the cases, in which only on subsidiary level a threshold is crossed or reached and the subsidiary undertaking discloses the notification as only thus the markets get always the full picture of the group holdings. In case of multiple chains through which the voting rights and/or financial instruments are effectively held the chains have to be presented chain by chain leaving a row free between different chains (e.g.: A, B, C, free row, A, B, D, free row, A, E, F etc.).

(xv) The names of controlled undertakings through which the voting rights and/or financial instruments are effectively held have to be presented irrespectively whether the controlled undertakings cross or reach the lowest applicable threshold themselves.

(xvi) Example: Correction of a previous notification.

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September 07, 2021 05:00 ET (09:00 GMT)

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