Vodafone launches €500m share buyback
Vodafone Group
68.88p
16:51 21/11/24
-3.31%
-2.36p
Vodafone has announced a share buyback programme of up €500m (£430m) to start on Wednesday and end no later than 29 November.
FTSE 100
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17:09 21/11/24
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FTSE 350
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16:49 21/11/24
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17:14 21/11/24
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Mobile Telecommunications
2,002.81
16:59 24/01/22
-2.25%
-46.02
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.