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Airtel Africa Plc ( (GB:AAF) ) has issued an announcement.
Airtel Africa has executed a share buy-back program, purchasing 400,000 ordinary shares at prices ranging from 113.90p to 114.80p per share, with the average price at 114.47p, as part of a strategy to enhance shareholder value. The shares, purchased through Barclays Capital Securities Limited, will be cancelled, and since the program’s initiation, the company has bought back a total of 2,732,771 shares, reflecting its commitment to optimize its capital structure and potentially boost its stock market performance.
More about Airtel Africa Plc
Airtel Africa Plc operates in the telecommunications industry, offering a range of services including mobile voice and data services. The company has a significant market presence across various African countries, focusing on enhancing connectivity and digital services in the region.
Average Trading Volume: 3,321,578
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £4.18B
For a thorough assessment of AAF stock, go to TipRanks’ Stock Analysis page.
