AIRTEL Africa has announced the purchase of ordinary shares to the value of US$157 000 from Citigroup Global Markets Limited on the London Stock Exchange (LSE).
This is pursuant to the authority granted by its shareholders as part of its share buy-back programme, details of which were announced on March 1.
Airtel Africa, in a corporate disclosure on the Nigerian Exhange Group (formerly Nigerian Stock Exchange) revealed it had purchased an aggregate 315 000 ordinary shares, at $0,50 each.
“The purchased ordinary shares will be cancelled,” the mobile operator stated on the Lagos-based bourse.
Airtel Africa recently revealed plans for the $100 million (about R2 billion) share buyback programme.
This is expected to be phased over two tranches, with the first tranche commencing March 1 and anticipated to end on or before August 2024.
Airtel Africa has a presence in 14 countries in the continent, primarily in the Central, East and West regional blocs.
– CAJ News
