Vodafone launches €500m share buyback

By

Sharecast News | 07 Aug, 2024

17:23 21/11/24

  • 68.88
  • -3.31%-2.36
  • Max: 70.06
  • Min: 68.82
  • Volume: 56,695,808
  • MM 200 : 71.48

Vodafone has announced a share buyback programme of up €500m (£430m) to start on Wednesday and end no later than 29 November.

The telecoms firm said it has given a non-discretionary instruction to Goldman Sachs for the buyback, the sole purpose of which is to reduce share capital.

Vodafone announced in March that it was planning to return €2bn to shareholders in the next 12 months after the sale of its Spanish business to Zegona Communications.

At 1015 BST, the shares were up 2.1% at 71.90p.

Last news