14 December 2023
Africa Opportunity Fund Limited ("the Company")
Director/PDMR dealing
The Company announces that Robert Knapp, Director, has purchased 3,000,000 ordinary shares in the Company ("Ordinary Shares") at a price of US$0.51 per Ordinary Share. As a result, Robert Knapp is interested in 4,851,485 Ordinary Shares.
The Company also announces that Africa Opportunity Cayman Limited, a Person Closely Associated with Robert Knapp, also purchased 1,387,375 Ordinary Shares in the Company at a price of US$0.51 per Ordinary Share.
The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail.
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 | Director | |
| (b) | Initial notification/Amendment | Initial notification | |
| 3. | Details of the issuer | ||
| (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 the Financial Instrument | Ordinary shares of US$0.01 each | |
| (b) | Identification code of the Financial Instrument | KYG012981535 | |
| (c) | Nature of the transaction | Purchase of shares | |
| (d) | Price(s) and volume(s) | Price(s) | Volume(s) |
| | | US$0.51 | 3,000,000 |
| | | | |
| (e) | Aggregated information - Aggregated volume - Price | N/A | |
| (f) | Date of the transaction | 6 December 2023 | |
| (g) | Place of the transaction | London Stock Exchange | |
| 1. | Details of the person discharging managerial responsibilities/person closely associated | ||
| (a) | Name | Africa Opportunity Cayman Limited | |
| 2. | Reason for the notification | ||
| (a) | Position/status | PCA to a PDMR | |
| (b) | Initial notification/Amendment | Initial notification | |
| 3. | Details of the issuer | ||
| (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 the Financial Instrument | Ordinary shares of US$0.01 each | |
| (b) | Identification code of the Financial Instrument | KYG012981535 | |
| (c) | Nature of the transaction | Purchase of shares | |
| (d) | Price(s) and volume(s) | Price(s) | Volume(s) |
| | | US$0.51 | 1,387,375 |
| | | | |
| (e) | Aggregated information - Aggregated volume - Price | [N/A] | |
| (f) | Date of the transaction | 6 December 2023 | |
| (g) | Place of the transaction | London Stock Exchange | |
For further information please contact:
Africa Opportunity Fund Limited
Francis Daniels
Tel: +2711 684 1528
Liberum (Corporate Broker)
Darren Vickers / Owen Matthews
Tel: +44 20 3100 2000
About Africa Opportunity Fund Limited:
Africa Opportunity Fund Limited ("AOF") is a closed-end investment company incorporated in the Cayman Islands and traded on the Specialist Fund Segment of the London Stock Exchange. For more information about AOF, see www.africaopportunityfund.com.
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