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Airtel Africa plc announced that all 24 proposed resolutions were passed at its Annual General Meeting held on 9 July 2025. Shareholders approved resolutions, including the final dividend and director appointments, with 'For' votes ranging from 94.88% to 100.00% for each proposal. The percentage of issued share capital voted on these resolutions ranged between 83.72% and 87.42%.
| Date | 9 Jul 2025 |
| Time | 16:25:00 |
| Category | AGMs and other meetings |
| ID | 4014Q |
Airtel Africa plc
("Airtel Africa", or the "Company")
RESULT OF AGM
RESOLUTIONS PASSED AT ANNUAL GENERAL MEETING (AGM)
London and Lagos, 9 July 2025: The Directors of Airtel Africa plc are pleased to announce that at its Annual General Meeting held on Wednesday 9 July 2025 at First Floor, 53/54 Grosvenor Street, London, W1K 3HU, United Kingdom, all the proposed resolutions as set out in the Notice of Annual General Meeting were passed on a poll of votes. The results of the poll for each resolution were as follows:
|
RESOLUTION |
DESCRIPTION |
VOTES |
% |
VOTES |
% |
VOTES |
% of ISC |
VOTES |
|
RESOLUTION 01 |
ACCOUNTS AND REPORTS |
3,194,638,108 |
100.00% |
20,136 |
0.00% |
3,194,658,244 |
87.39% |
1,068,839 |
|
RESOLUTION 02 |
REMUNERATION REPORT |
3,036,737,057 |
99.21% |
24,213,919 |
0.79% |
3,060,950,976 |
83.74% |
134,776,107 |
|
RESOLUTION 03 |
ALL EMPLOYEE SHARE PLAN |
3,060,943,619 |
100.00% |
34,195 |
0.00% |
3,060,977,814 |
83.74% |
134,749,269 |
|
RESOLUTION 04 |
FINAL DIVIDEND |
3,195,697,793 |
100.00% |
12,508 |
0.00% |
3,195,710,301 |
87.42% |
16,782 |
|
RESOLUTION 05 |
RE-ELECT SUNIL B. MITTAL |
3,127,945,886 |
97.93% |
65,956,812 |
2.07% |
3,193,902,698 |
87.37% |
1,824,385 |
|
RESOLUTION 06 |
RE-ELECT S. TALDAR |
3,188,805,439 |
99.83% |
5,485,552 |
0.17% |
3,194,290,991 |
87.38% |
1,436,092 |
|
RESOLUTION 07 |
ELECT K.DUA |
3,188,227,147 |
99.81% |
6,055,878 |
0.19% |
3,194,283,025 |
87.38% |
1,444,058 |
|
RESOLUTION 08 |
RE-ELECT A. GREEN |
3,183,981,576 |
99.68% |
10,309,479 |
0.32% |
3,194,291,055 |
87.38% |
1,436,028 |
|
RESOLUTION 09 |
RE-ELECT A.AJUMOGOBIA |
3,190,994,108 |
99.90% |
3,289,963 |
0.10% |
3,194,284,071 |
87.38% |
1,443,012 |
|
RESOLUTION 10 |
RE-ELECT P.ARKWRIGHT |
3,190,814,869 |
99.89% |
3,468,204 |
0.11% |
3,194,283,073 |
87.38% |
1,444,010 |
|
RESOLUTION 11 |
RE-ELECT T.GEBREYES |
3,172,757,318 |
99.33% |
21,526,780 |
0.67% |
3,194,284,098 |
87.38% |
1,442,985 |
|
RESOLUTION 12 |
ELECT C.GORDON |
3,180,283,038 |
99.56% |
13,997,341 |
0.44% |
3,194,280,379 |
87.38% |
1,446,704 |
|
RESOLUTION 13 |
RE-ELECT A. POUTIAINEN |
3,191,311,825 |
99.91% |
2,963,163 |
0.09% |
3,194,274,988 |
87.38% |
1,452,095 |
|
RESOLUTION 14 |
RE-ELECT R. RAJAGOPAL |
3,185,947,914 |
99.74% |
8,327,078 |
0.26% |
3,194,274,992 |
87.38% |
1,452,091 |
|
RESOLUTION 15 |
RE-ELECT SHRAVIN B MITTAL |
3,190,423,092 |
99.88% |
3,860,057 |
0.12% |
3,194,283,149 |
87.38% |
1,443,934 |
|
RESOLUTION 16 |
ELECT G.VITTAL |
3,180,912,075 |
99.58% |
13,370,639 |
0.42% |
3,194,282,714 |
87.38% |
1,444,369 |
|
RESOLUTION 17 |
REAPPOINT AUDITOR |
3,195,605,348 |
100.00% |
82,824 |
0.00% |
3,195,688,172 |
87.42% |
38,911 |
|
RESOLUTION 18 |
REMUNERATION OF AUDITOR |
3,195,167,309 |
99.98% |
522,134 |
0.02% |
3,195,689,443 |
87.42% |
37,640 |
|
RESOLUTION 19 |
POLITICAL DONATIONS |
3,058,629,512 |
99.92% |
2,341,569 |
0.08% |
3,060,971,081 |
83.74% |
134,756,002 |
|
RESOLUTION 20 |
ALLOT SHARES IN COMPANY |
3,048,673,115 |
99.60% |
12,300,104 |
0.40% |
3,060,973,219 |
83.74% |
134,753,864 |
|
RESOLUTION 21 |
PRE-EMPTION RIGHTS |
3,058,798,441 |
99.93% |
2,171,823 |
0.07% |
3,060,970,264 |
83.74% |
134,756,819 |
|
RESOLUTION 22 |
MAKE MARKET PURCHASES |
3,051,162,939 |
99.70% |
9,317,048 |
0.30% |
3,060,479,987 |
83.72% |
135,247,096 |
|
RESOLUTION 23 |
CANCELLATION OF CAPITAL REDEMPTION RESERVE |
3,032,048,413 |
94.88% |
163,655,328 |
5.12% |
3,195,703,741 |
87.42% |
23,342 |
|
RESOLUTION 24 |
CALL GENERAL MEETING |
3,052,140,890 |
99.71% |
8,800,128 |
0.29% |
3,060,941,018 |
83.74% |
134,786,065 |
Subject to rule 9.2.2E of the UK Listing Rules, the election of the Independent non-executive directors must be approved by a majority vote of both the independent shareholders (i.e. shareholders of the Company, other than the Company's controlling shareholder, who are entitled to vote on the election of Directors), and the shareholders as a whole. Therefore, the below table displays the votes for the election of the Independent non-executive directors excluding the votes of the controlling shareholder:
|
INDEPENDENT VOTE |
|
|
|
|
|
|
|
|
|
RESOLUTION |
DESCRIPTION |
VOTES |
% |
VOTES |
% |
VOTES |
% of ISC |
VOTES |
|
RESOLUTION 08 |
RE-ELECT A. GREEN |
1,078,872,771 |
99.05% |
10,309,479 |
0.95% |
1,089,182,250 |
70.25% |
1,436,028 |
|
RESOLUTION 09 |
RE-ELECT A.AJUMOGOBIA |
1,085,885,303 |
99.70% |
3,289,963 |
0.30% |
1,089,175,266 |
70.25% |
1,443,012 |
|
RESOLUTION 10 |
RE-ELECT P.ARKWRIGHT |
1,085,706,064 |
99.68% |
3,468,204 |
0.32% |
1,089,174,268 |
70.25% |
1,444,010 |
|
RESOLUTION 11 |
RE-ELECT T.GEBREYES |
1,067,648,513 |
98.02% |
21,526,780 |
1.98% |
1,089,175,293 |
70.25% |
1,442,985 |
|
RESOLUTION 12 |
ELECT C.GORDON |
1,075,174,233 |
98.71% |
13,997,341 |
1.29% |
1,089,171,574 |
70.25% |
1,446,704 |
|
RESOLUTION 13 |
RE-ELECT A. POUTIAINEN |
1,086,203,020 |
99.73% |
2,963,163 |
0.27% |
1,089,166,183 |
70.25% |
1,452,095 |
|
RESOLUTION 14 |
RE-ELECT R. RAJAGOPAL |
1,080,839,109 |
99.24% |
8,327,078 |
0.76% |
1,089,166,187 |
70.25% |
1,452,091 |
Notes:
1. Full details of the resolutions are set out in the Notice of Annual General Meeting dated 9 June 2025 which is available on the Investor area of Company's website at www.airtel.africa.
2. Resolutions 1 to 20 were ordinary resolutions, requiring more than 50% of shareholders' votes to be cast in favour of the resolutions. Resolutions 21 to 24 were special resolutions, requiring at least 75% of shareholders' votes to be cast in favour of the resolutions.
3. Votes 'For' include those votes giving the Chairman discretion.
4. Every shareholder has one vote for every ordinary share held. As at 6.30pm on 7 July 2025, the issued share capital of the Company consisted of 3,662,946,527 ordinary shares, including 7,489,044 treasury shares. Therefore, the total number of voting rights in Airtel Africa as at 7 July 2025 was 3,655,457,483.
5. A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" any resolution nor in the calculation of the proportion of "Total issued share capital instructed" for any resolution.
6. A copy of resolutions 20 and 24 passed at the AGM will shortly be submitted to the National Storage Mechanism and will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
-ENDS-
Enquiries
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Airtel Africa - Investor Relations Alastair Jones |
+44 7464 830 011 +44 207 493 9315 |
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Airtel Africa - Group Company Secretary Simon O'Hara
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+44 207 493 9315
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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.