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LONDON - Mobile tower company Helios Towers plc announced Thursday it will return up to $75 million to shareholders through a share buyback program to be completed by the end of 2026.
The company will commence the program with an initial $25 million tranche on November 6, 2025, under a non-discretionary agreement with Jefferies International Limited, which will make trading decisions independently of Helios Towers.
According to the press release statement, the buyback program is part of the company’s "disciplined capital allocation framework" and reflects its "strong balance sheet, cash generation and continued confidence in its long-term growth prospects."
All repurchased shares will be cancelled, with the stated purpose being to return surplus capital to shareholders and optimize the company’s capital structure.
The program will operate within limitations granted by shareholders at the annual general meeting held on May 15, 2025, with a maximum of 105,270,000 ordinary shares eligible for repurchase.
Helios Towers noted that the timing and total value of share repurchases will depend on market conditions, share price, trading volumes, and other relevant factors. The company will make announcements about repurchased shares no later than 7:30am on the business day following any repurchase.
The buyback may be supplemented by block trades, with the company expecting to complete the full program by the end of 2026, though it noted there is "no guarantee that the Buyback Programme will be implemented in full."
Helios Towers operates nearly 15,000 mobile tower sites across nine countries in Africa and the Middle East, providing infrastructure and power services to mobile network operators.
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