TIDMAOF

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            Initial notification 
        /Amendment 
----  ------------------------------  ------------------------------------- 
 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                  Ordinary Shares of US$0.01 
        the financial                   each 
        instrument, type 
        of instrument 
---- 
 
       Identification                  ISIN: KYG012921048 
        code 
 
 b)    Nature of the                   Purchase of shares 
        transaction 
----  ------------------------------  ------------------------------------- 
 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) 
----  ------------------------------  -------------------------------------

For further information please contact:

Africa Opportunity Fund Limited

Francis Daniels Tel: +2711 684 1528

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

March 02, 2017 02:01 ET (07:01 GMT)

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