Airtel Africa secures legal authorisation over planned boost of future shareholder returns
Airtel Africa secured a key legal authorisation from a UK court for a capital reduction aimed at beefing up its distributable reserves for future shareholder returns, the London-based company announced Wednesday.
READ ALSO: Airtel Africa Plc announces change of London registered office address “The Capital Reduction will become effective upon the registration of the Court Order and the statement of capital by the Registrar of Companies.
The capital reduction entails cancelling Airtel Africa’s capital redemption reserve to boost distributable reserves, which are vital to the corporation’s prospects of delivering future rewards to shareholders.
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