Airtel Africa says it has repurchased 1.9 million shares as part of the second phase of its $100 million share buyback programme.
Simon O’Hara, Airtel Africa’s secretary, announced on Monday in a corporate filing on the Nigerian Exchange Limited (NGX).
The telecommunications company had announced in May plans to repurchase more shares in the second phase of the programme after completing the first stage, which ran from December 23, 2024, to April 24, 2024.
“Airtel Africa announces today it has 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 buy-back programme, details of which was announced on 14 May 2025,” the statement reads.
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According to regulatory filings, the transactions for the repurchase of the 1.9 million shares were completed across 10 deals.
Following the latest share repurchase, Airtel Africa said the remaining ordinary shares in issue now stand at 3.668 billion units, which includes 7.5 million treasury shares.
“Accordingly, the total number of voting rights in the Company is 3,660,276,768,” Airtel said.
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“This figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.”
The company also said since it launched the first tranche of the buyback in December 2024, it “has purchased 29,039,936 ordinary shares in aggregate, at a volume weighted average price of 139.1748 GBP per ordinary share”.
