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Airtel Africa Plc ( (GB:AAF) ) just unveiled an announcement.
Airtel Africa Plc has successfully executed a share buy-back program, purchasing 1,000,000 of its ordinary shares through Barclays Capital Securities Limited. This transaction is part of a larger buy-back initiative announced in December 2024, aimed at reducing the number of shares in circulation and potentially increasing shareholder value. The shares were bought at an average price of 115.26 GBp and will be canceled, which reflects the company’s strategic efforts to manage its capital structure and enhance market positioning.
More about Airtel Africa Plc
Airtel Africa Plc is a telecommunications company operating primarily in Africa. The company offers a range of services including mobile voice and data services, with a focus on expanding its footprint in the African market.
YTD Price Performance: 0.97%
Average Trading Volume: 3,621,373
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £4.21B
See more insights into AAF stock on TipRanks’ Stock Analysis page.
