Airtel Africa Plc, a leading telecommunications and mobile money operator, has announced revised arrangements with Barclays Capital Securities Limited (“Barclays”) to facilitate the continuation of its ongoing share buy-back programme.
The company disclosed that there is no change to the total size of the buy-back programme earlier announced.
On May 14, 2025, Airtel Africa launched the second tranche of the buy-back for up to $55 million with an initial completion date set for November 19, 2025.
So far, Airtel Africa has repurchased 14.2 million shares valued at $34.7 million under the programme. The revised arrangement allows Barclays to execute the balance of $20.3 million with the programme now expected to end on or before March 31, 2026.
According to the disclosure, Barclays will operate the programme autonomously during closed periods under irrevocable, non-discretionary instructions. The bank will continue to act as a riskless principal while managing the execution.
Airtel Africa reaffirmed that the sole purpose of the buy-back is capital reduction, noting that all shares acquired will be cancelled.
The exercise will be conducted within the authority granted by shareholders, in compliance with the Financial Conduct Authority’s UK Listing Rules and the Market Abuse Regulation.
The move underscores Airtel Africa’s capital optimisation strategy and continued commitment to delivering value to shareholders across its dual listing markets in London and Lagos.