Airtel Africa repurchases 60,000 Shares as part of $100m buy-back strategy

Airtel Africa PLC has announced the purchase of 60,000 of its ordinary shares on February 23, 2026, marking the latest transaction in its ongoing multi-million dollar capital return programme.

The buy-back, executed via Barclays Capital Securities Limited, is part of the broader $100 million initiative originally sanctioned by shareholders in late 2024 and revised in September 2025.

During the single-day trading session, shares were acquired at prices ranging from a low of 350.20p to a high of 358.20p, resulting in a volume-weighted average price of 355.28p per share.

The company confirmed that all shares repurchased during this session will be held in treasury, effectively reducing the number of shares contributing to the total voting rights.

Since the first tranche of the $100 million buy-back programme commenced on December 23, 2024, Airtel Africa has significantly reduced its share float.

To date, the company has purchased an aggregate of 43,554,166 ordinary shares. These shares were acquired at a volume-weighted average price of 163.5553p, reflecting the long-term execution of the company’s strategy to enhance shareholder value through capital reduction.

The daily volume was distributed across several major European trading venues to ensure optimal execution and liquidity.

Following this latest transaction, Airtel Africa’s total shares in issue stand at 3,654,881,028, with 9,118,490 of those now held in treasury.

Consequently, the total number of voting rights available to shareholders is 3,645,762,538.

Shareholders are advised to use the new voting rights figure as the denominator for calculating whether they are required to notify the Financial Conduct Authority (FCA) of changes in their interest under current transparency rules.

This ongoing buy-back programme underscores Airtel Africa’s commitment to disciplined capital allocation and its confidence in the intrinsic value of its pan-African operations.