Airtel Africa has continued the execution of its share buy-back programme with the purchase of an additional 40,000 ordinary shares, underscoring the company’s ongoing efforts to optimize its capital structure and enhance shareholder value.
The transaction was completed on 2 January 2026, following the mandate granted by shareholders and in accordance with the buy-back programme first disclosed on 22 September 2025. The company said the shares, each with a nominal value of $0.50, were acquired from Barclays Capital Securities Limited at prices ranging between 356.40 pence and 363.80 pence, resulting in a volume-weighted average price of 361.09 pence.
Airtel Africa confirmed that all shares purchased under the transaction will be cancelled. Following the cancellation, the company’s total number of issued ordinary shares now stands at 3,655,840,539, including 7,489,044 shares held in treasury. As a result, Airtel Africa’s total voting rights amount to 3,648,351,495. The company noted that this figure should be used by shareholders when determining their disclosure obligations under the UK Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The buy-back was executed across multiple trading venues, including the London Stock Exchange, BATS Europe, CHI-X Europe, Aquis Exchange, and Turquoise. Airtel Africa said the London Stock Exchange accounted for the largest proportion of the shares acquired, reflecting its central role in the execution of the transaction.
Since the launch of the first tranche of its $100 million share buy-back programme in December 2024, Airtel Africa has now repurchased a cumulative total of 40,965,209 ordinary shares. These shares were acquired at a volume-weighted average price of 152.4457 pence per share, highlighting the sustained pace and scale of the programme over time.
The company explained that the ongoing buy-back forms part of its broader capital allocation strategy, aimed at balancing investment in network expansion and digital services across its African markets with returns to shareholders. Airtel Africa added that the programme is being carried out under revised arrangements with Barclays Capital Securities Limited, as announced in September 2025, and in full compliance with applicable regulatory requirements.
