Airtel Africa Share Buyback returns $34.7m to shareholders after repurchasing 14.2m shares; buyback extended to March 2026 to complete second tranche
Airtel Africa Share Buyback has returned $34.7m to shareholders through the repurchase of 14.2 million shares, as part of the company’s ongoing capital reduction programme.
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The telecoms and mobile money provider confirmed the update in a filing with the Nigerian Exchange Limited on Monday.
The buyback forms part of a previously announced second tranche, initially set at a maximum of $55 million, which began on 14 May 2025.
In the latest disclosure, Airtel Africa Plc revealed it had entered into revised arrangements with Barclays Capital Securities Limited to ensure the smooth execution of the remaining share repurchases, now valued at $20.3 million.
While the second tranche was originally scheduled to close by 19 November 2025, it has now been extended to 31 March 2026, allowing time for the completion of outstanding purchases under the scheme.
“To date, the company has returned $34.7m to shareholders through the purchase of 14.2m shares as part of the second tranche,” the statement read. “The revised arrangements with Barclays are to facilitate the purchase of the remaining amount of up to $20.3m.”
The company also noted that the revised agreement allows for a discretionary programme, including irrevocable and non-discretionary instructions that enable Barclays to operate during closed periods, such as blackout windows, while continuing to act as a riskless principal—executing the buyback independently.
Airtel Africa clarified that all repurchased shares will be cancelled, reinforcing that the sole purpose of the programme is to reduce the company’s share capital.
The buyback remains in compliance with shareholder authority, the UK Financial Conduct Authority’s Listing Rules, and the Market Abuse Regulation (MAR) framework.
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The Airtel Africa Share Buyback is one of the company’s strategies to enhance shareholder value and adjust capital structure, amid increasing investor interest in listed telecom firms operating across Africa.
Source: Read more at vanguardngr.com
