Airtel Africa Plc ( (GB:AAF) ) has issued an announcement.
Airtel Africa has announced the purchase of 350,000 of its ordinary shares as part of its ongoing share buy-back program. The shares, acquired at a volume weighted average price of 165.09 GBp, will be cancelled, and future repurchases will be held in treasury to support an employee share incentive scheme. This move is part of a broader strategy to enhance shareholder value and manage capital structure effectively.
More about Airtel Africa Plc
Airtel Africa Plc operates in the telecommunications industry, providing a range of services including mobile voice, data, and mobile money services across several African countries. The company focuses on expanding its market presence in the rapidly growing African telecom sector.
YTD Price Performance: 45.42%
Average Trading Volume: 4,089,746
Technical Sentiment Signal: Sell
Current Market Cap: £6.05B
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