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Airtel Africa Plc ( (GB:AAF) ) has provided an update.
Airtel Africa, a telecommunications company, announced that it has repurchased 800,000 of its ordinary shares as part of its ongoing share buy-back program. The shares were acquired at a volume-weighted average price of 115.71 GBp and will be cancelled, contributing to a total of 8,351,533 shares repurchased since the program’s announcement. This move is expected to enhance shareholder value and optimize the capital structure, reflecting confidence in the company’s long-term prospects.
More about Airtel Africa Plc
YTD Price Performance: 0.88%
Average Trading Volume: 3,560,658
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £4.21B
For an in-depth examination of AAF stock, go to TipRanks’ Stock Analysis page.
