REG - Airtel Africa PLC - Update on share buy-back programme

Airtel AfricaAnnouncement

22/09/2025 07:00

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RNS Number : 1846A  Airtel Africa PLC  22 September 2025

 

 

 

 

 

 

 

 

 

Airtel Africa plc

 

('Airtel Africa', or the 'Company')

 

Update on share buy-back programme

 

London and Lagos, 22 September 2025: Airtel Africa, a leading provider of
telecommunications and mobile money services, with a presence in 14 countries
across Africa, announces that it has entered into arrangements with Barclays
Capital Securities Limited ("Barclays") to facilitate its ongoing share
buy-back programme including during its forthcoming closed period. There is no
change to the total size of the share buy-back programme previously announced.

On 14 May 2025, the Company announced the commencement of the second tranche
of its share buy-back programme for a maximum amount of up to $55 million
("second tranche") which was anticipated to end on or before 19 November 2025.

To date the Company has returned $34.7m to shareholders through the purchase
of 14.2m shares as part of the second tranche. The revised arrangements with
Barclays are to facilitate the purchase of the remaining amount of up to
$20.3m. The share buy-back programme is now anticipated to end on or before 31
March 2026.

The revised arrangements will come into effect should it not be possible to
complete the second tranche under the existing arrangement. The revised
arrangements are for a discretionary programme and include 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. Barclays will continue
to act as riskless principal.

The sole purpose of the buy-back programme is to reduce the capital of the
Company. As such, all shares purchased under the buy-back programme will be
cancelled.

Any purchases of ordinary shares under the buy-back programme will be carried
out in accordance with (and subject to the limits prescribed by) the Company's
general authority to repurchase ordinary shares granted by its shareholders
from time to time, Financial Conduct Authority's UK Listing Rules 9.6 and
within the parameters of the Market Abuse Regulation (EU) No 596/2014 and the
Commission Delegated Regulation (EU) 2016/1052 (as each forms part of
domestic law by virtue of the European Union (Withdrawal) Act 2018, as
amended).

 

 

 

-ENDS-

 

 

Enquiries

Airtel Africa plc

Simon O'Hara, Group Company Secretary

+44 207 493 9315

Companysecretary@africa.airtel.com (mailto:Companysecretary@africa.airtel.com)

 Airtel Africa - Investor Relations

 Alastair Jones

 +44 7464 830 011

 +44 207 493 9315

 Investor.relations@africa.airtel.com
 (mailto:Investor.relations@africa.airtel.com)

 

About Airtel Africa

Airtel Africa is a leading provider of telecommunications and mobile money
services, with a presence in 14 countries in Africa, primarily in East Africa
and Central and West Africa.

Airtel Africa offers an integrated suite of telecommunications solutions to
its subscribers, including mobile voice and data services as well as mobile
money services both nationally and internationally.

The Group aims to continue providing a simple and intuitive customer
experience through streamlined customer journeys.

www.airtel.africa (http://www.airtel.africa)

 

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