Airtel Africa mentioned it has repurchased 40.93 million shares in combination at a cumulative common worth of 152.24 pence per share because the launch of the primary tranche of its $100 million share buyback programme in December 2024.
The telecoms group revealed in a company disclosure filed with the Nigerian Alternate (NGX) on Friday, January 2, 2026, that it repurchased 40,000 strange shares on December 31 in continuation of its share buyback programme.
In accordance to the corporate, the shares had been purchased at costs ranging between 354.00 pence and 357.00 pence, with a volume-weighted common worth of 355.95 pence.
The transaction was executed by Barclays Capital Securities Restricted underneath the authority granted by shareholders and consistent with the revised buyback framework introduced in September 2025.
Utilizing the present trade charge of about N1,970 per British Pound Sterling, Airtel Africa has purchased again its personal 40.93 million shares valued at about N122.7 billion.
What the replace means
By steadily shrinking its share depend, Airtel Africa is laying the groundwork for incremental help to per-share metrics akin to earnings per share, assuming working efficiency holds.
This determine highlights the size of capital already returned by means of share cancellations because the telecom big is cancelling out the repurchased shares.
For buyers, the continued buyback signifies that administration is returning worth by way of share discount, reflecting confidence within the group’s cash-generation capability whereas persevering with to fund community funding and cellular cash enlargement throughout its African footprint.
Consideration is now targeted on how this shares buyback execution will bolster the inventory worth quoted on NGX and London Inventory Alternate (LSE). Traders should monitor the remaining headroom underneath the $100 million authorisation and the tempo of execution within the months forward.
Disciplined execution inside a slender worth band
Particulars of the transaction confirmed disciplined execution inside a slender worth band, suggesting tight management over market influence. The shares had been acquired throughout a number of buying and selling venues, with the London Inventory Alternate accounting for the majority of quantity at a median worth of 355.79 pence.
Further liquidity was sourced from BATS Europe, CHI-X Europe, Aquis Alternate and Turquoise, a selection that displays a best-execution technique designed to minimise slippage whereas sourcing obtainable liquidity throughout platforms.
Market observers observe that such multi-venue execution is typical of UK-listed buybacks, notably when firms are repurchasing shares in comparatively small each day clips slightly than making aggressive market interventions.
Share cancellation trims fairness base, updates voting rights
As a result of the repurchased shares shall be cancelled, Airtel Africa’s issued strange shares now stand at 3.66 billion, with 7.49 million shares held in treasury. Following the adjustment, complete voting rights have been lowered to about 3.65 billion.
The corporate mentioned the up to date voting-rights determine ought to be utilized by shareholders when assessing disclosure obligations underneath UK Monetary Conduct Authority guidelines, notably for buyers monitoring threshold crossings.
Whereas the numerical change is marginal, the continued discount in voting shares regularly will increase the relative possession of remaining shareholders, reinforcing the mechanical advantages of the buyback programme.
What it’s worthwhile to know
In December 2024, Airtel introduced the launch of the primary tranche of its $100 million share buyback programme. Since then, the dual-listed telecom big has more and more leaned on capital administration instruments akin to buybacks—alongside community investments and cellular cash enlargement, because it seeks to stability shareholder returns with progress throughout its African footprint.
The newest buyback execution was on December 31, 2025, when the corporate purchased again 40,000 models from throughout exchanges and confirmed that the shares shall be cancelled out.
Airtel’s breakdown of the repurchases by buying and selling venue exhibits the dealer (Barclays Capital Securities Restricted) unfold orders throughout a number of platforms:
- London Inventory Alternate: 26,245 shares at VWAP 355.79p (vary 354.00p–356.80p)
- BATS Europe: 4,136 shares at VWAP 356.40p (vary 355.80p–357.00p)
- CHI-X Europe: 7,722 shares at VWAP 356.14p (vary 355.60p–357.00p)
- Aquis Alternate: 1,215 shares at VWAP 356.02p (vary 355.80p–356.80p)
- Turquoise: 682 shares at 357.00p
Inventory efficiency on NGX
The share worth of the inventory closed on Friday, January 2, 2026, at N2,270.00 per share. It’s at present the fourth most respected inventory on the NGX with a market capitalization of N8.53 trillion, which makes about 8.55% of the NGX fairness market.
The inventory hit its yr excessive on Could 28, 2025, earlier than moderating at N2,310.50 on June 18, 2025. The worth stagnated for a number of months until November 5, when it dropped additional right down to N2,270 per share, and remained at that stage until the tip of 2025.
For the market, this newest replace exhibits Airtel’s dedication to incremental tightening of its fairness base, ostensibly to reinforce the mechanics behind its shareholder worth. Analysts say it is likely one of the shares to be careful for in 2026.
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