Airtel Africa Plc ( (GB:AAF) ) has shared an update.
Airtel Africa has announced the purchase of 105,515 of its ordinary shares as part of its ongoing share buy-back program, which commenced on 23 December 2024. The shares were acquired at a volume-weighted average price of 138.25 GBp and will be canceled. This move is part of a broader strategy to enhance shareholder value, with the company having purchased a total of 15,345,597 shares since the program’s inception. The buy-back is expected to positively impact the company’s market positioning by reducing the number of shares in circulation, potentially increasing the value of remaining shares.
More about Airtel Africa Plc
Airtel Africa is a leading provider of telecommunications and mobile money services, operating in 14 countries in sub-Saharan Africa. The company offers an integrated service to its subscribers, including mobile voice, data, and mobile money services both nationally and internationally. Airtel Africa’s strategy focuses on delivering an excellent customer experience across its footprint, with a corporate purpose of transforming lives across Africa.
YTD Price Performance: 21.48%
Average Trading Volume: 3,931,421
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £5.06B
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