Airtel Africa: 570M Shares Released from Pledge by Director Associate
Airtel Africa plc filed a Director/PDMR Shareholdings notification on 20 May 2026, disclosing a transaction by a person closely associated with a company director. The filing reveals that Indian Continent Investment Limited released a pledge over 570,204,889 ordinary shares of Airtel Africa on 15 May 2026.
Airtel Africa plc (NGX: AIRTELAFRI) has notified the market of a transaction involving a person closely associated with Mr Shravin Bharti Mittal, a director of the company. The entity named in the filing is Indian Continent Investment Limited, which is identified as a person closely associated with the director.
According to the filing dated 20 May 2026, the transaction involved the release of a pledge over 570,204,889 ordinary shares of Airtel Africa, each with a nominal value of US$0.50. The shares are identified under ISIN GB00BKDRYJ47. The transaction was recorded as taking place on 15 May 2026, outside a trading venue, and no transaction price was applicable given the nature of the action.
The notification was made in accordance with the Market Abuse Regulation, which requires persons discharging managerial responsibilities and their closely associated persons to publicly disclose transactions in the issuer's securities. Airtel Africa operates across 14 countries in Africa, offering mobile voice, data, and mobile money services.
