Airtel Africa has returned $34.7 million to shareholders through the purchase of 14.2 million shares as part of the second tranche of its buyback programme.
According to a company statement signed by Simon Hara, group company secretary, Airtel Africa has agreed with Barclays Capital Securities Limited to facilitate its ongoing share buyback programme.
The overall size of the buyback remains unchanged.
With $34.7 million already returned to shareholders, Barclays will facilitate the purchase of the remaining $20.3 million worth of shares in line with the revised agreement, bringing the total to $55 million.
“The revised arrangements will come into effect should it not be possible to complete the second tranche under the existing arrangement. The revised agreement is for a discretionary programme and includes irrevocable, non-discretionary instructions to Barclays to continue to operate the buy-back programme during closed periods. Barclays will therefore operate the buy-back programme autonomously during those periods,” the statement read.
The company noted that the $55 million programme, initially scheduled to end on November 19, 2025, has now been extended to March 31, 2026.
On May 14, 2025, Airtel announced the commencement of the second tranche of its buyback programme following the completion of the first tranche. The second tranche, valued at $55 million, aims to reduce the company’s capital.
Airtel emphasised that all share purchases under the buyback programme will be conducted in compliance with stipulated rules and regulations.
