Airtel Africa on Monday announced it has repurchased a total of 40.93 million shares at an average cumulative price of 152.24 pence per share since the launch of the first tranche of its $100 million share buyback programme in December 2024.
This is contained in a notice to Nigerian Exchange (NGX) and the investing public that it bought back an additional 40,000 ordinary shares on December 31 as part of the ongoing programme.
According to the notice, the shares were acquired at prices ranging from 354.00 pence to 357.00 pence, with a volume-weighted average price of 355.95 pence.
The transaction was carried out by Barclays Capital Securities Limited under existing shareholder approval and in accordance with the revised buyback framework announced in September 2025.
Based on an exchange rate of approximately ₦1,970 to the pound, the total value of the shares repurchased so far is estimated at about ₦122.7 billion.
Airtel Africa said all repurchased shares will be cancelled, leading to a reduction in its issued share capital. Following the latest cancellation, the company now has about 3.66 billion issued ordinary shares, with 7.49 million shares held in treasury, bringing total voting rights to roughly 3.65 billion.
The company noted that the buyback programme is expected to enhance per-share performance metrics, including earnings per share, while underscoring management’s confidence in Airtel Africa’s strong cash-generation capacity as it continues to invest in network expansion and mobile money services across the continent
