TIDMAOF

RNS Number : 7171W

Africa Opportunity Fund Limited

14 December 2023

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

 
         Details of the person discharging managerial responsibilities/person 
   1.     closely associated 
 (a)     Name                                          Robert Knapp 
        --------------------------------------------  ----------------------------------- 
         Reason for the notification 
  2. 
        --------------------------------------------------------------------------------- 
 (a)     Position/status                               Director 
        --------------------------------------------  ----------------------------------- 
 (b)     Initial notification/Amendment                Initial notification 
        --------------------------------------------  ----------------------------------- 
         Details of the issuer 
  3. 
        --------------------------------------------------------------------------------- 
 (a)     Name                                          Africa Opportunity Fund Limited 
        --------------------------------------------  ----------------------------------- 
 (b)     LEI                                           213800R1UVN1T8YXS179 
        --------------------------------------------  ----------------------------------- 
         Details of the transaction(s): section to be repeated 
  4.      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                            Ordinary shares of US$0.01 each 
          Financial Instrument 
        --------------------------------------------  ----------------------------------- 
 (b)     Identification code                           KYG012981535 
          of the Financial Instrument 
        --------------------------------------------  ----------------------------------- 
 (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                        N/A 
           *    Aggregated volume 
 
 
          - Price 
        --------------------------------------------  ----------------------------------- 
 (f)     Date of the transaction                       6 December 2023 
        --------------------------------------------  ----------------------------------- 
 (g)     Place of the transaction                      London Stock Exchange 
        --------------------------------------------  ----------------------------------- 
 
 
        Details of the person discharging managerial responsibilities/person 
  1.     closely associated 
 (a)    Name                                          Africa Opportunity Cayman Limited 
       --------------------------------------------  ------------------------------------- 
        Reason for the notification 
  2. 
       ----------------------------------------------------------------------------------- 
 (a)    Position/status                               PCA to a PDMR 
       --------------------------------------------  ------------------------------------- 
 (b)    Initial notification/Amendment                Initial notification 
       --------------------------------------------  ------------------------------------- 
        Details of the issuer 
  3. 
       ----------------------------------------------------------------------------------- 
 (a)    Name                                          Africa Opportunity Fund Limited 
       --------------------------------------------  ------------------------------------- 
 (b)    LEI                                           213800R1UVN1T8YXS179 
       --------------------------------------------  ------------------------------------- 
        Details of the transaction(s): section to be repeated 
  4.     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                            Ordinary shares of US$0.01 each 
         Financial Instrument 
       --------------------------------------------  ------------------------------------- 
 (b)    Identification code                           KYG012981535 
         of the Financial Instrument 
       --------------------------------------------  ------------------------------------- 
 (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                        [N/A] 
          *    Aggregated volume 
 
 
         - Price 
       --------------------------------------------  ------------------------------------- 
 (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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December 14, 2023 02:00 ET (07:00 GMT)

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