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AAF Airtel Africa Plc

105.80
1.00 (0.95%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Airtel Africa Plc LSE:AAF London Ordinary Share GB00BKDRYJ47 ORD USD0.50
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.00 0.95% 105.80 105.60 105.70 109.10 104.20 105.70 5,092,139 16:35:05
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Radiotelephone Communication 5.27B 663M 0.1764 5.99 3.97B

Airtel Africa PLC Redemption of Outstanding Senior Notes (7102P)

22/06/2022 7:00am

UK Regulatory


Airtel Africa (LSE:AAF)
Historical Stock Chart


From Mar 2022 to Mar 2024

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TIDMAAF

RNS Number : 7102P

Airtel Africa PLC

22 June 2022

Airtel Africa plc

('Airtel Africa', or the 'Group')

Redemption of Outstanding Senior Notes

London and Lagos, 22 June 2022: Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, today announces that after market close (UK time) on 21 June 2022 its subsidiary, Bharti Airtel International (Netherlands) B.V., ('BAIN') launched a cash tender offer to redeem up to $300m of its $1 billion of 5.35% Guaranteed Senior Notes due 2024 ('Notes'). There is an early tender deadline of 5 July 2022 for Noteholders wishing to tender their Notes for preferential early tender consideration, otherwise the tender offer will expire on 19 July 2022, unless amended or extended by BAIN at its sole discretion.

All Notes accepted for purchase will be cancelled ahead of their maturity in May 2024. BAIN reserves the right at its sole discretion to amend or waive any of the terms of the tender offer.

A further announcement will be made following completion of the tender offer.

This early redemption will be made out of Group cash reserves and aligns with the continuation of our pursuit of a reduction of external foreign currency debt at Group level.

-ENDS-

Enquiries

 
 Airtel Africa - Investor Relations 
  Pier Falcione                             +44 7446 858 280 
  Morten Singleton                          +44 7464 830 011 
  Investor.relations@africa.airtel.com      +44 207 493 9315 
 
 Hudson Sandler 
  Nick Lyon 
  Emily Dillon 
  airtelafrica@hudsonsandler.com            +44 207 796 4133 
 

About Airtel Africa

Airtel Africa is a leading provider of telecommunications and mobile money services, with a presence in 14 countries in Africa, primarily in East Africa and Central and West Africa.

Airtel Africa offers an integrated suite of telecommunications solutions to its subscribers, including mobile voice and data services as well as mobile money services both nationally and internationally.

The Group aims to continue providing a simple and intuitive customer experience through streamlined customer journeys.

www.airtel.africa

No offer or invitation to acquire or exchange any Notes is being made pursuant to this announcement. This announcement and any related documents do not constitute an offer to buy or the solicitation of an offer to sell securities in any circumstances or jurisdictions in which such offer or solicitation is unlawful.

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 rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

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(END) Dow Jones Newswires

June 22, 2022 02:00 ET (06:00 GMT)

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