Airtel Africa Plc has commenced a new tranche of its share buyback programme, targeting the repurchase of up to 12.03 million ordinary shares, representing 0.33% of its issued share capital.
The telecommunications company disclosed this in a corporate announcement dated November 5, 2026, stating that the latest tranche forms part of its broader programme, initially announced on May 22, 2026, to return cash to shareholders under its capital allocation policy.
The latest tranche is expected to run until December 22, 2026, at the latest, unless terminated earlier in accordance with the terms of the agreement.
Airtel Africa said the latest tranche follows the completion of the first tranche of the buyback programme on September 28, 2026, leaving Board authority to repurchase up to 12,033,748 additional ordinary shares.
The company said any purchases will be conducted within pre-set parameters and in compliance with applicable UK listing rules and market abuse regulations.
Airtel Africa stated that the sole purpose of the buyback programme is to reduce the company’s capital, meaning all shares acquired under the programme will be cancelled.
The discretionary arrangements may also include irrevocable, non-discretionary instructions allowing Citi to continue operating the buyback programme during closed periods. Citi will operate this element autonomously during such periods.
The latest tranche builds on Airtel Africa’s ongoing efforts to return cash to shareholders through share repurchases, with the company having already bought back millions of shares since launching the programme in May 2026.
The latest tranche introduces Citigroup Global Markets Limited (Citi) as the institution executing the new arrangement, replacing Barclays in the earlier arrangement.
