Airtel Africa Intensifies Share Buyback, Acquires 12.25 Million Shares with Barclays’ Support

Airtel Africa Intensifies Share Buyback, Acquires 12.25 Million Shares with Barclays’ SupportAirtel Africa has repurchased 12,254,438 ordinary shares since launching its share buyback program on December 23, 2024, with Barclays Capital Securities Limited overseeing the first phase of the process. The company executed the buyback at a volume-weighted average price of 116.6170 GBp per share as part of its broader plan to enhance shareholder value.Why Airtel Africa is Buying Back SharesAirtel Africa’s share buyback initiative is part of its capital reduction strategy, aimed at boosting investor confidence and maintaining share price stability despite the company’s financial pressures, particularly from Nigeria’s currency volatility. The first tranche of the buyback is expected to conclude by April 24, 2025, with an allocation of up to $50 million.How the Buyback is Being ExecutedBarclays Capital Securities Limited is leading the buyback as a riskless principal, meaning it makes in...

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