Airtel Africa Returns $34.7m To Shareholders, Extends Share Buy-Back Programme To March 2026

Airtel Africa Plc said that done its stock buy-back programme, shareholders person received $34.7 cardinal by purchasing 14.2 cardinal shares.

The stock buy-back aims to trim the company’s superior by cancelling each repurchased shares, heighten shareholder value, and show assurance successful Airtel Africa’s semipermanent maturation prospects.

Also, Airtel Africa said it has entered into arrangements with Barclays Capital Securities Limited to facilitate its ongoing stock buy-back programme, including during its forthcoming closed period. The full size of the stock buy-back programme antecedently announced has not changed.

The Company successful a merchandise connected the Nigerian Exchange (NGX) explained that “on  May 14, 2025, the Company announced the commencement of the 2nd tranche of its stock buy-back programme for a maximum magnitude of up to $55 million, which was anticipated to extremity connected oregon earlier November 19, 2025.

“The Company has returned $34.7 cardinal to shareholders by purchasing 14.2 cardinal shares arsenic portion of the 2nd tranche. The revised arrangements with Barclays are to facilitate the acquisition of the remaining magnitude of up to $20.3 million. The stock buy-back programme is present anticipated to extremity connected oregon earlier March 31, 2026.”

It noted that, “the revised arrangements volition travel into effect should it not beryllium imaginable to implicit the 2nd tranche nether the existing arrangement. The revised arrangements are for a discretionary programme and see irrevocable, non-discretionary instructions to Barclays to proceed to run the buy-back programme during closed periods.

“Barclays volition truthful run the buy-back programme autonomously during those periods. Barclays volition proceed to enactment arsenic riskless principal. The sole intent of the buy-back programme is to trim the company’s capital. As such, each shares purchased nether the buy-back programme volition beryllium cancelled. Any purchases of mean shares nether the buy-back programme volition beryllium carried retired per the Company’s wide authorization to repurchase mean shares granted by its shareholders from clip to time.”