Airtel Africa Plc has entered into new arrangements with Barclays Capital Securities Limited to support its ongoing share buy-back programme, including during the forthcoming closed period. The total size of the programme remains unchanged.
The Company had earlier, on 14 May 2025, announced the commencement of the second tranche of its share buy-back for up to $55 million, originally scheduled to end on or before 19 November 2025.
So far, Airtel Africa has returned $34.7 million to shareholders through the repurchase of 14.2 million shares under this tranche. The revised arrangements with Barclays will facilitate the purchase of the remaining $20.3 million, with the programme now expected to run until 31 March 2026.
The revised structure, which comes into effect if the existing arrangement cannot be completed, provides for a discretionary programme including irrevocable, non-discretionary instructions to Barclays to operate independently during closed periods. Barclays will continue to act as a riskless principal in the transactions.
The sole purpose of the buy-back remains to reduce the Company’s capital, and all repurchased shares will be cancelled.
Any buy-back activity will be executed in line with:
- The Company’s shareholder-approved authority to repurchase ordinary shares
- FCA UK Listing Rules 9.6
- The Market Abuse Regulation (EU) No. 596/2014 and Commission Delegated Regulation (EU) 2016/1052, as adopted into UK law.
Source: Airtel Africa Plc commences second tranche of share buy-back programme – StocksWatch
