Airtel Africa has announced a second share buyback programme valued at up to US$100m, demonstrating the Board’s confidence in the Company’s growth potential, strong balance sheet, and consistent cash flow at the holding company level.
The buyback, aligned with Airtel Africa’s capital allocation policy, will be conducted in compliance with applicable securities laws and regulations.
The programme is structured in two tranches, with the first tranche of up to US$50m commencing today, December 23, 2025, and scheduled to conclude on or before 24 April 2025.
The notification signed by the company’s Investor Relations, Alastair Jones, reads: “The share buy-back programme is expected to be phased over two tranches, with the first tranche commencing today and anticipated to end on or before 24 April 2025.
The first tranche will amount to a maximum of US$50 million. The Company has agreed with Barclays Capital Securities Limited to conduct the first tranche of the buy-back and carry out on-market purchases of its ordinary shares, with the Company subsequently purchasing its ordinary shares from Barclays.
Under this agreement, Barclays will act as riskless principal and make decisions independently of the Company”.
The primary objective of the share buyback programme is to reduce the Company’s capital, and all shares purchased through the programme will be cancelled.
