{"id":14368,"date":"2026-11-10T17:01:09","date_gmt":"2026-11-10T17:01:09","guid":{"rendered":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/10\/airtel-africa-buys-799925-shares-in-first-two-days-of-new-buyback-tranche\/"},"modified":"2026-11-10T17:01:09","modified_gmt":"2026-11-10T17:01:09","slug":"airtel-africa-buys-799925-shares-in-first-two-days-of-new-buyback-tranche","status":"publish","type":"post","link":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/10\/airtel-africa-buys-799925-shares-in-first-two-days-of-new-buyback-tranche\/","title":{"rendered":"Airtel Africa buys 799,925 shares in first two days of new buyback tranche"},"content":{"rendered":"<p>Airtel Africa Plc has repurchased 799,925 of its ordinary shares in the first two days of its new share buyback tranche, with the transactions valued at approximately \u00a32.26 million.<\/p>\n<p>The company disclosed this in a notification of transactions in its own shares published on Tuesday, November 10, covering purchases made on November 5 and 6 through Citigroup Global Markets Limited (Citi).<\/p>\n<p>The shares were purchased at an overall volume-weighted average price of 282.16 pence each, with the company confirming that all the repurchased shares will be cancelled.<\/p>\n<p>Nairametrics had earlier reported that <a href=\"https:\/\/nairametrics.com\/2026\/11\/06\/airtel-africa-begins-fresh-share-buyback-tranche-targets-12-million-shares\/\">Airtel Africa had commenced the fresh buyback tranche,<\/a> targeting the repurchase of up to 12.03 million shares.<\/p>\n<h4><strong>Airtel Africa purchases 799,925 shares<\/strong><\/h4>\n<p>The disclosure shows that Airtel Africa bought 353,051 ordinary shares on November 5 at a volume-weighted average price of 287.52 pence per share.<\/p>\n<p>On November 6, the company purchased a further 446,874 shares at a volume-weighted average price of 277.92 pence per share.<\/p>\n<ul>\n<li>The purchases were executed on the London Stock Exchange, with the lowest and highest prices paid on November 5 standing at 284.20 pence and 289.80 pence, respectively.<\/li>\n<li>On November 6, the shares were acquired at prices ranging from 274.80 pence to 285.80 pence.<\/li>\n<\/ul>\n<p>The combined purchases brought the total number of shares acquired since the programme commenced to 799,925, at an overall volume-weighted average price of 282.16 pence per share.<\/p>\n<h4><strong>Repurchased shares to be cancelled<\/strong><\/h4>\n<p>Airtel Africa said the purchased ordinary shares would be cancelled rather than held as treasury shares. The cancellation will reduce the company\u2019s issued share capital.<\/p>\n<ul>\n<li>The new buyback tranche was announced on November 5, 2026, with the latest notification providing details of the initial transactions carried out under the arrangement.<\/li>\n<\/ul>\n<p>The purchases were made through Citigroup Global Markets Limited (Citi), under the authority granted by Airtel Africa shareholders. Citi acted as the intermediary executing the transactions on the company\u2019s behalf.<\/p>\n<h4><strong>Airtel Africa\u2019s wider share buyback programme<\/strong><\/h4>\n<p>The latest purchases are part of Airtel Africa\u2019s broader share repurchase programme, which began in May 2026 and has since progressed through multiple tranches.<\/p>\n<p>By September 23, 2026, <a href=\"https:\/\/nairametrics.com\/2026\/09\/23\/airtel-africa-buyback-hits-19-91-million-shares-after-fresh-798919-share-purchase\/\">Airtel Africa\u2019s buyback programme had reached 19.91 million shares<\/a>, following the repurchase of another 798,919 shares at a volume-weighted average price of 322.59 pence per share.<\/p>\n<p>Source: <\/p>\n<div class=\"nSourse\">Nairametrics<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Airtel Africa Plc has repurchased 799,925 of its ordinary shares in the first two days of its new share buyback tranche, with the transactions valued at approximately \u00a32.26 million. The&hellip; <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-14368","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/14368","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/comments?post=14368"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/14368\/revisions"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=14368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=14368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=14368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}