Airtel Africa Plc has intensified its capital restructuring strategy by repurchasing more than 7.7 million ordinary shares since launching its share buyback programme in May 2026.
The telecommunications company disclosed the latest transactions in a corporate filing submitted to the Nigerian Exchange Limited on Tuesday.
According to the filing, the share repurchases are being carried out through Barclays Capital Securities Limited across multiple international trading platforms.
Airtel Africa said that between June 15 and June 19, 2026, it acquired additional batches of its ordinary shares under the ongoing buyback programme.
“Airtel Africa announces that in the period 15 June 2026 to 19 June 2026, it purchased the following number of its ordinary shares of USD 0.50 each from Barclays Capital Securities Limited pursuant to the authority granted by its shareholders as part of its share buyback programme, details of which were announced on 22 May 2026,” the company stated.
The company repurchased 69,556 shares on June 15, 118,613 shares on June 16 and 145,391 shares on June 17.
The volume-weighted average prices paid per share were 367.64 pence on June 15, 368.23 pence on June 16 and 364.42 pence on June 17.
Airtel Africa said that since the buyback programme began on May 22, 2026, it has repurchased a total of 7,731,552 ordinary shares at a volume-weighted average price of 344.18 pence per share.
The repurchase transactions were executed across several major trading venues, including the London Stock Exchange, BATS Europe, CHI-X Europe, Aquis Exchange and Turquoise.
The company also confirmed that all repurchased shares will be cancelled after completion of the buyback process, reducing the total number of outstanding shares.
“The purchased ordinary shares will be cancelled,” the company affirmed in the filing.
Market analysts believe the reduction in the company’s outstanding share capital could improve key financial indicators, including earnings per share and return on equity, while enhancing long-term shareholder value.
