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Highlights
Airtel Africa sets currency exchange rates for its final dividend.
Shareholders on LSE and NGX to make currency elections by July.
The final dividend will be paid in either U.S. dollars or local currencies, based on shareholder elections.
Airtel Africa PLC, listed under the tickers AIRTELAFRI on the London Stock Exchange (LON:AAF) and NGX, operates as a major telecommunications entity serving multiple African nations. The company is part of the FTSE 350 companies index and continues to enhance its telecommunications footprint across Africa. Airtel Africa has announced the currency exchange rates for its final dividend distribution. Shareholders will need to make their currency election selections in order to receive the dividend.
Currency Election for LSE Shareholders
Shareholders of Airtel Africa on the London Stock Exchange have the option to receive the final dividend in either British pounds or U.S. dollars. To participate in this dividend distribution, shareholders must make their currency selection by July 7, 2025. The dividend will be payable on July 25, 2025, to those registered by the close of business on June 20, 2025. If a shareholder does not provide a currency preference, the default currency will be U.S. dollars.
Currency Election for NGX Shareholders
Airtel Africa shareholders listed on the Nigerian Stock Exchange (NGX) also have the option to elect between Nigerian naira and U.S. dollars for receiving their dividend payments. Similar to the procedure for LSE shareholders, NGX shareholders are required to make their currency elections by July 7, 2025. If no selection is made by this date, the dividend will automatically be paid in Nigerian naira.
Exchange Rates for Dividend Payments
The exchange rates that will be applied for these currency elections have been set based on the most recent data available. Airtel Africa has designated an exchange rate of U.S. dollars to Nigerian naira and U.S. dollars to British pounds as part of the final dividend processing. These rates are derived from values as of May 30, 2025.
Important Dates for Shareholders
For shareholders of Airtel Africa on the London Stock Exchange, the last date to trade shares and remain eligible for the final dividend is June 18, 2025. For those holding shares on the Nigerian Stock Exchange, the deadline is June 17, 2025. These dates mark the final opportunity to secure dividend eligibility based on shareholder registration.
Commitment to Customer Experience
Airtel Africa emphasizes its commitment to delivering high-quality customer experiences across its operational regions. The company's strategy focuses on providing a blend of mobile voice, data, and mobile money services, aiming to improve lives and economic conditions across Africa. Airtel Africa remains a leader in the telecommunications sector, constantly adapting to the changing needs of its diverse customer base.
