Vodafone launches €500m share buyback
Vodafone Group
66.50p
16:53 20/12/24
-0.84%
-0.56p
Vodafone has announced a share buyback programme of up €500m (£430m) to start on Wednesday and end no later than 29 November.
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Mobile Telecommunications
1,956.96
16:59 24/01/22
-0.76%
-14.97
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.