Airtel Africa PLC acquires 100,000 shares under $100m buy-back program

Airtel Africa PLC has notified the Nigerian Exchange and the London Stock Exchange of a significant transaction in its own shares as part of its ongoing capital allocation strategy.

On February 6, 2026, the telecommunications giant purchased 100,000 ordinary shares from Barclays Capital Securities Limited, as part of the buy-back program initially announced in December 2024.

According to the notification, the shares were acquired at prices ranging between 320.80p and 330.00p, with a volume-weighted average price of 328.48p per share.

Following this latest transaction, the repurchased shares will be held in treasury, bringing the total number of treasury shares to over 8.4 million. This move is part of a broader effort to enhance shareholder value and optimize the company’s capital structure.

Since the commencement of the current $100 million share buy-back tranche, Airtel Africa has repurchased a total of 42,874,720 ordinary shares at a volume-weighted average price of 160.73p.

The company noted that following this purchase, the total number of voting rights in Airtel Africa PLC stands at 3,646,441,984, a figure shareholders may use for disclosure interest calculations.

The continued buy-back activities underscore the board’s confidence in the company’s long-term growth potential and its commitment to returning excess cash to its investors.