Source - LSE Regulatory
RNS Number : 9930S
Airtel Africa PLC
09 November 2023
 

 

TR-1: Standard form for notification of major holdings

 

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA) i


1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii:

Airtel Africa plc

(LEI Code: 254900ZNZDQL6OWQH623)

 

1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)

UK issuer


2. Reason for the notification (please mark the appropriate box or boxes with an "X")

An acquisition or disposal of voting rights

X

An acquisition or disposal of financial instruments


An event changing the breakdown of voting rights


Other (please specify) iii:


3. Details of person subject to the notification obligation iv

Name

Bharti Overseas Private Limited

City and country of registered office (if applicable)

Delhi, India

4. Full name of shareholder(s) (if different from 3.) v

Name

Indian Continent Investment Limited

City and country of registered office (if applicable)

Mauritius

5. Date on which the threshold was crossed or reached vi:

6 November 2023

6. Date on which issuer notified (DD/MM/YYYY):

8 November 2023

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 (8.A + 8.B) vii

Resulting situation on the date on which threshold was crossed or reached

12.58%

NIL

12.58%

473,071,861

Position of previous notification (if

applicable)

11.03%

NIL

11.03%


 

 

 

 

 

 

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

A: Voting rights attached to shares

Class/type of
shares

ISIN code (if possible)

Number of voting rights ix

% of voting rights

Direct

(DTR5.1)

Indirect

 (DTR5.2.1)

Direct

(DTR5.1)

Indirect

(DTR5.2.1)

GB00BKDRYJ47

NIL

473,071,861

NIL

12.58%

SUBTOTAL 8. A

473,071,861

12.58%

 

 

B 1: Financial Instruments according to DTR5.3.1R (1) (a)

Type of financial instrument

Expiration
date
x

Exercise/
Conversion Period
xi

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights




SUBTOTAL 8. B 1



 

 

B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)

Type of financial instrument

Expiration
date
x

Exercise/
Conversion Period
xi

Physical or cash

Settlement xii

Number of voting rights

% of voting rights




 

SUBTOTAL 8.B.2


 

 

 

9. Information in relation to the person subject to the notification obligation (please mark the

applicable box with an "X")

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii


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 entity (please add additional rows as necessary) xiv

X

Name xv

% 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 than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

Bharti Overseas Private  Limited




Bharti Global Limited

3.38%


3.38%

Indian Continent Investment Limited

9.20%


9.20%

 

 

 

 

 

 

 

10. In case of proxy voting, please identify:

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 xvi

Bharti Overseas Private Limited holds 100% of voting rights in Bharti Global Limited, which in turn holds 100% of voting rights in Indian Continent Investment Limited.

 

The shareholding percentages in this notice are calculated on the basis of 3,758,151,504 issued ordinary shares in the capital of Airtel Africa plc. In this notification, figures are rounded to the nearest 2 decimal places. Any discrepancies in aggregated figures are due to rounding.

 

 

Place of completion

London, United Kingdom

Date of completion

8 November 2023

 

 

 

A black letter on a white background Description automatically generated

                                              

                                              

Simon O'Hara

Company Secretary

 

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