REG - Airtel Africa PLC - Update on share buy-back programme
Airtel Africa plc
('Airtel Africa', or the 'Company')
Update on share buy-back programme
London and Lagos, 22 September 2025: Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, announces that it has entered into arrangements with Barclays Capital Securities Limited ("Barclays") to facilitate its ongoing share buy-back programme including during its forthcoming closed period. There is no change to the total size of the share buy-back programme previously announced.
On 14 May 2025, the Company announced the commencement of the second tranche of its share buy-back programme for a maximum amount of up to $55 million ("second tranche") which was anticipated to end on or before 19 November 2025.
To date the Company has returned $34.7m to shareholders through the purchase of 14.2m shares as part of the second tranche. The revised arrangements with Barclays are to facilitate the purchase of the remaining amount of up to $20.3m. The share buy-back programme is now anticipated to end on or before 31 March 2026.
The revised arrangements will come into effect should it not be possible to complete the second tranche under the existing arrangement. The revised arrangements are for a discretionary programme and include irrevocable, non-discretionary instructions to Barclays to continue to operate the buy-back programme during closed periods. Barclays will therefore operate the buy-back programme autonomously during those periods. Barclays will continue to act as riskless principal.
The sole purpose of the buy-back programme is to reduce the capital of the Company. As such, all shares purchased under the buy-back programme will be cancelled.
Any purchases of ordinary shares under the buy-back programme will be carried out in accordance with (and subject to the limits prescribed by) the Company's general authority to repurchase ordinary shares granted by its shareholders from time to time, Financial Conduct Authority's UK Listing Rules 9.6 and within the parameters of the Market Abuse Regulation (EU) No 596/2014 and the Commission Delegated Regulation (EU) 2016/1052 (as each forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended).
-ENDS-
Enquiries
Airtel Africa plc
Simon O'Hara, Group Company Secretary
+44 207 493 9315
Companysecretary@africa.airtel.com
Airtel Africa - Investor Relations
Alastair Jones
+44 7464 830 011
+44 207 493 9315
Investor.relations@africa.airtel.com
About Airtel Africa
Airtel Africa is a leading provider of telecommunications and mobile money services, with a presence in 14 countries in Africa, primarily in East Africa and Central and West Africa.
Airtel Africa offers an integrated suite of telecommunications solutions to its subscribers, including mobile voice and data services as well as mobile money services both nationally and internationally.
The Group aims to continue providing a simple and intuitive customer experience through streamlined customer journeys.
www.airtel.africa
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