Airtel Africa plc (NGX: AIRTELAFRI), a telecommunications provider in Africa, is enhancing shareholder value by repurchasing 40,000 of its ordinary shares.
The transaction details posted on NGX on January 8, are part of the company’s ongoing $100 million share buyback program, which underscores its commitment to optimizing its capital structure amid strong operational performance.
The shares were acquired through Barclays Capital Securities Limited at a volume-weighted average price of 370.37 pence (GBp) per share, with prices ranging from a low of 365.80p to a high of 374.40p.
The total expenditure for this purchase amounts to approximately £148,148.
The shares that were bought back will be cancelled, resulting in a reduction of the company’s issued share capital.
After this transaction, the total number of shares outstanding is 3,655,680,539 (including 7,489,044 in treasury), with voting rights on 3,648,191,495 shares.
Purchases by venue were as follows:
– London Stock Exchange: 24,164 shares at 370.37p
– BATS Europe: 9,393 shares at 371.42p
– CHI-X Europe: 2,877 shares at 371.07p
– Aquis Exchange: 2,597 shares at 366.89p
– Turquoise: 969 shares at 367.60p
This latest repurchase builds on the first tranche of the buyback program, which commenced on December 23, 2024.
To date, Airtel Africa has repurchased a total of 41,125,209 shares at an overall volume-weighted average price of 153.2894 GBp.
This program was initially authorized by shareholders, with details announced on September 22, 2025, and reflects updated arrangements with Barclays to streamline execution.
Airtel Africa’s leadership views this buyback as a strategic tool to return value to investors while maintaining financial flexibility.
This announcement comes as Airtel Africa navigates a dynamic telecommunications landscape in Africa, where mobile penetration and digital services continue to drive expansion.
Administrator and Writer
