Airtel Africa Plc has returned $34.7m to its shareholders through the repurchase of 14.2m shares under its ongoing share buyback programme.
The telecoms and mobile money services provider disclosed this in a statement filed with the Nigerian Exchange Limited on Monday.
The company explained that it had entered into revised arrangements with Barclays Capital Securities Limited to ensure the smooth completion of the second tranche of the buyback programme.
According to the notice, Airtel Africa had, on May 14, 2025, announced the commencement of the second tranche of its share buyback valued at a maximum of $55m, initially expected to close on or before November 19, 2025.
However, under the new arrangement, the company said the programme would now be extended to March 31, 2026, to accommodate the purchase of the outstanding $20.3m worth of shares.
The statement read in part, “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 buyback programme is now anticipated to end on or before March 31, 2026.”
It added that the revised arrangement with Barclays would provide for a discretionary programme, including irrevocable and non-discretionary instructions to enable the investment bank to continue to operate the buyback during closed periods.
