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Airtel Africa Plc has repurchased 799,925 of its bizarre shares in the first two days of its new share buyback tranche, with the transactions valued at roughly £2.26 million.
The firm disclosed this in a notification of transactions in its personal shares printed on Tuesday, November 10, masking purchases made on November 5 and 6 via Citigroup Global Markets Limited (Citi).
The shares had been bought at an general volume-weighted common worth of 282.16 pence every, with the corporate confirming that each one the repurchased shares might be cancelled.
Nairametrics had earlier reported that Airtel Africa had commenced the fresh buyback tranche, concentrating on the repurchase of as much as 12.03 million shares.
Airtel Africa purchases 799,925 shares
The disclosure reveals that Airtel Africa purchased 353,051 bizarre shares on November 5 at a volume-weighted common worth of 287.52 pence per share.
On November 6, the corporate bought an extra 446,874 shares at a volume-weighted common worth of 277.92 pence per share.
- The purchases had been executed on the London Stock Exchange, with the bottom and highest costs paid on November 5 standing at 284.20 pence and 289.80 pence, respectively.
- On November 6, the shares had been acquired at costs starting from 274.80 pence to 285.80 pence.
The mixed purchases introduced the overall quantity of shares acquired for the reason that programme commenced to 799,925, at an general volume-weighted common worth of 282.16 pence per share.
Repurchased shares to be cancelled
Airtel Africa stated the bought bizarre shares can be cancelled slightly than held as treasury shares. The cancellation will scale back the corporate’s issued share capital.
- The new buyback tranche was introduced on November 5, 2026, with the newest notification offering particulars of the preliminary transactions carried out underneath the association.
The purchases had been made via Citigroup Global Markets Limited (Citi), underneath the authority granted by Airtel Africa shareholders. Citi acted because the middleman executing the transactions on the corporate’s behalf.
Airtel Africa’s wider share buyback programme
The newest purchases are half of Airtel Africa’s broader share repurchase programme, which started in May 2026 and has since progressed via a number of tranches.
By September 23, 2026, Airtel Africa’s buyback programme had reached 19.91 million shares, following the repurchase of one other 798,919 shares at a volume-weighted common worth of 322.59 pence per share.
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