Airtel Africa Plc has continued its share buyback programme by repurchasing more than 7.7 million ordinary shares since the initiative began in May 2026. The move is part of the company’s strategy to restructure its capital and improve value for shareholders.
The telecommunications company announced the latest update in a corporate filing submitted to the Nigerian Exchange Limited (NGX) on Tuesday. According to the disclosure, the share purchases are being carried out through Barclays Capital Securities Limited, with transactions taking place across several international stock exchanges.
Airtel Africa explained that the latest round of purchases was made between June 15 and June 19, 2026, under the share buyback programme approved by shareholders. The programme was officially launched on May 22, 2026, after receiving the necessary approval from investors.
The company revealed that it bought 69,556 shares on June 15, followed by 118,613 shares on June 16, and 145,391 shares on June 17. The average prices paid for the shares were 367.64 pence, 368.23 pence, and 364.42 pence, respectively.
According to the filing, Airtel Africa has now repurchased a total of 7,731,552 ordinary shares since the programme started. The company said the shares were bought at a volume-weighted average price of 344.18 pence per share.
The buyback transactions were completed through several major trading platforms, including the London Stock Exchange, BATS Europe, CHI-X Europe, Aquis Exchange, and Turquoise. Using multiple trading venues allows the company to carry out the programme efficiently while complying with market regulations.
Airtel Africa also confirmed that all the shares it has repurchased will be cancelled permanently after the completion of the programme. Cancelling the shares will reduce the total number of shares available in the market, lowering the company’s outstanding share capital.
Financial experts say share buybacks are often used by companies to reward shareholders and improve key financial indicators. With fewer shares in circulation, earnings are spread across a smaller number of shares, which can increase earnings per share (EPS). It may also improve the company’s return on equity (ROE), making the business more attractive to current and potential investors.
The continued buyback programme reflects Airtel Africa’s confidence in its financial position and its commitment to creating long-term value for shareholders. It also signals that the company is actively managing its capital structure while maintaining a strong presence in both the Nigerian and international financial markets.
As the programme progresses, investors will continue to monitor its impact on Airtel Africa’s financial performance, market valuation, and shareholder returns in the months ahead.
