Regulatory Story
Company Airtel Africa PLC
Headline Completion of Capital Reduction
Released 07:00 23-Oct-2019
Number 7784Q07

RNS Number : 7784Q
Airtel Africa PLC
23 October 2019

23 October 2019

Airtel Africa plc (the "Company")

Completion of Capital Reduction

As outlined in the Company's prospectus dated 17 June 2019 (the "Prospectus") and pursuant to a resolution of the Company passed on 24 May 2019, the Company is pleased to announce that it has completed a reduction of its share capital and share premium account (the "Capital Reduction"). The Capital Reduction was formally approved by the High Court on 22 October 2019. The Court Order confirming the Capital Reduction, and a statement of capital approved by the Court, have been registered with the Registrar of Companies and accordingly the Capital Reduction is now effective.

The purpose of the Capital Reduction was to create distributable reserves to support the Company's dividend policy set out in its prospectus. This has been effected by cancelling and extinguishing 50,000 redeemable deferred shares of £1.00 each in the Company and reducing the amount standing to the credit of the share premium account of the Company to zero.

There are no changes to the number of the Company's ordinary shares in issue, or their nominal value, as a result of the Capital Reduction. As at the date of this announcement and following completion of the Capital Reduction, the Company has 3,758,151,504 ordinary shares of US$0.50 each in issue with one vote, and 3,081,744,577 non-voting deferred shares of US$0.50 each in issue.

The Company's prospectus can be found at:




Airtel Africa plc                                                                                                    

•           Pier Falcione                    +44 20 7493 9315


Kekst CNC

•           Harald Kinzler                 +44 203 817 9935

•           Katherine Fennell            +44 203 755 1619

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit
London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.