Airtel Africa has entered into arrangements with Barclays Capital Securities Limited (“Barclays”), a subsidiary of UK-based Barclays Bank, to facilitate its ongoing share buy-back programme.
Airtel Buyback Programme
In May 2025, Airtel Africa launched the second tranche of its buy-back plan, worth up to $55 million, with an expected completion date of November 19, 2025. So far, Airtel Africa has returned $34.7 million to shareholders, repurchasing 14.2 million shares.
The revised agreement with Barclays will facilitate the purchase of the remaining $20.3 million worth of shares, with the programme now anticipated to conclude on or before March 31, 2026.
The 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. Purchases will, however, continue to comply with shareholder approvals, the UK Listing Rules, and relevant regulations under the Market Abuse Regulation and EU delegated legislation, as incorporated into UK law.
