Airtel Africa Plc has announced revised arrangements with Barclays Capital Securities Limited to facilitate the continuation of its ongoing share buy-back programme, including during its forthcoming closed period.
The telecommunications group had, on 14 May 2025, launched the second tranche of its share buy-back scheme valued at up to $55 million, with an initial completion date of 19 November 2025.
So far, Airtel Africa has repurchased 14.2 million shares worth $34.7 million, leaving a balance of about $20.3 million to be executed. Under the new arrangement, the programme is now expected to run until 31 March 2026.
According to the company, the revised framework includes irrevocable, non-discretionary instructions to Barclays to continue operating the buy-back autonomously during closed periods, acting as riskless principal.
Airtel Africa emphasised that the buy-back initiative is strictly aimed at reducing its share capital, with all repurchased shares to be cancelled.
The programme will continue to operate in line with the company’s shareholder mandate, the Financial Conduct Authority’s UK Listing Rules, and the Market Abuse Regulation (EU) No 596/2014, as adopted into UK law post-Brexit.
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