Telecommunications giant Airtel Africa Plc has repurchased more than 7.7 million of its ordinary shares as part of its ongoing share buyback programme aimed at restructuring its capital and improving shareholder value.
The company disclosed the latest development in a regulatory filing submitted to the Nigerian Exchange Limited (NGX).
According to Airtel Africa, the buyback exercise, which began on May 22, 2026, is being carried out through Barclays Capital Securities Limited across several international trading platforms.
Between June 15 and June 19, 2026, the telecom company purchased additional batches of its shares, including 69,556 shares on June 15, 118,613 shares on June 16, and 145,391 shares on June 17.
Since the launch of the programme, Airtel Africa has bought back a total of 7,731,552 ordinary shares at a volume-weighted average price of 344.18 pence per share.
The transactions were executed across multiple trading venues, including the London Stock Exchange, BATS Europe, CHI-X Europe, Aquis Exchange, and Turquoise.
Airtel Africa also confirmed that all repurchased shares will be cancelled, a move expected to reduce the company’s outstanding share capital.
Market analysts believe the reduction in the number of shares in circulation could improve key financial indicators such as earnings per share (EPS) and return on equity (ROE) in the future.
The share buyback programme reflects the company’s ongoing efforts to strengthen shareholder value and optimise its capital structure.
Source: Nigerian Exchange Limited (NGX)
