Airtel Money Intention to Float Announcement
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NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), CANADA, AUSTRALIA, NEW ZEALAND, SOUTH AFRICA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
This announcement is not an offer of securities for sale or subscription, nor a solicitation of an offer to acquire or subscribe for securities, in any jurisdiction, including in or into the United States, Canada, Australia, New Zealand, South Africa or Japan.
Airtel Africa plc
('Airtel Africa', or the 'Group')
Airtel Money intention to float announcement
London and Lagos, 23 September 2026: Airtel Africa plc ('Airtel Africa' or the 'Group'), a leading provider of telecommunications and mobile money services across 14 African markets, notes today the announcement by
Airtel Mobile Commerce N.V. ('Airtel Money'), of its intention to proceed with an initial public offering ('IPO') and to apply for admission of its ordinary shares to the equity shares (commercial companies) category of the Official List of the Financial Conduct Authority and to trading on the Main Market of the London Stock Exchange ('Admission') (the 'Announcement').
The Announcement notes that the proposed IPO would comprise a secondary offering of existing Airtel Money shares to be sold by existing Airtel Money shareholders, with no new capital being raised by Airtel Money. Airtel Africa currently beneficially owns 77.85% of Airtel Money's issued ordinary share capital and, following Admission, Airtel Africa expects to remain a long-term strategic shareholder and to support Airtel Money's next phase of development as an independently listed business.
The Announcement sets out, amongst other things, information on Airtel Money, its operations, strategy and financial performance including its current trading and outlook. It is available on Airtel Money's website at ipo.airtelmoney.com.
-ENDS-
Enquiries
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Airtel Africa - Investor Relations Alastair Jones |
+44 7464 830 011
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Hudson Sandler Nick Lyon Nelly Apaka |
+44 207 796 4133 |
About Airtel Africa
Airtel Africa is a leading provider of telecommunications and mobile money services, with operations in 14 countries in sub-Saharan Africa. Airtel Africa provides an integrated offer to its subscribers, including mobile voice and data services as well as mobile money services both nationally and internationally. The company's strategy is focused on providing a great customer experience across the entire footprint, enabling our corporate purpose of transforming lives across Africa.
Important Notice
The information contained in this announcement is for background purposes only and does not purport to be full or complete, nor does this announcement constitute or form part of any invitation or inducement to engage in investment activity. No reliance may be placed by any person for any purpose on the information contained in this announcement or its accuracy, fairness or completeness.
This announcement is not for release, publication or distribution in whole or in part, directly or indirectly, in or into or from the United States (including its territories or possessions or any State of the United States and the District of Columbia, together, the 'United States'), Canada, Australia, New Zealand, South Africa, Japan or any other jurisdiction where such distribution would be unlawful. The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. This announcement does not constitute a prospectus or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, or otherwise invest in, shares to any person in any jurisdiction, including to any person in any jurisdiction, to whom or in which such offer or solicitation is unlawful, including the United States, Canada, Australia, New Zealand, South Africa or Japan. The shares referred to in the Announcement have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the 'Securities Act'), or the securities laws of any state or other jurisdiction of the United States, and may not be offered, sold, resold, pledged, delivered, distributed or otherwise transferred, directly or indirectly, in the United States, except to qualified institutional buyers ('QIBs') as defined in, and in reliance on, Rule 144A under the Securities Act ('Rule 144A') or pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction in the United States. Airtel Money has not registered and does not intend to register any part of the offering in the United States. There will be no public offering of securities by Airtel Money, in connection with the IPO, in the United States, Canada, Australia, New Zealand, South Africa or Japan. Subject to certain exceptions, the shares referred to in the Announcement may not be offered or sold in Canada, Australia, New Zealand, South Africa or Japan or to, or for the account or benefit of, any national, resident or citizen of Canada, Australia, New Zealand, South Africa or Japan.
This announcement contains certain forward-looking statements regarding intentions, beliefs or current expectations. These statements are often, but not always, made through the use of words or phrases such as "believe", "anticipate", "could", "may", "would", "should", "intend", "plan", "potential", "predict", "will", "expect", "estimate", "project", "positioned", "strategy", "outlook", "target" and similar expressions. It is believed that the expectations reflected in this announcement are reasonable, but they may be affected by a wide range of variables that could cause actual results to differ materially from those currently anticipated. All such forward-looking statements involve estimates and assumptions that are subject to risks, uncertainties and other factors that could cause actual results to differ materially from the expectations expressed in the forward-looking statements.
The information in this announcement is subject to change. Airtel Money may decide not to proceed with the IPO and there is therefore no guarantee that a prospectus will be published by Airtel Money, the IPO will proceed or that Admission will occur. Potential investors should not base their investment decisions on this announcement or any part of it.
Nothing contained in this announcement constitutes or should be construed as being investment, financial, tax, accounting or legal advice.
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