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IN BRIEF: Airtel Africa starts second tranche of buyback programme

ALN

Airtel Africa PLC - London-based provider of telecommunications and mobile money services - Announces the start of the second tranche of its $100 million share buy-back programme. This follows the completion of the first tranche. The second tranche will amount to a maximum of $55 million and is anticipated to end on or before November 19. Airtel Africa enters into an agreement with Barclays Capital Securities Ltd to conduct the second tranche and carry out on-market purchases.

Current stock price: 173.00 pence, up 2.3% in London on Wednesday

12-month change: up 44%

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