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Vodafone kicks off latest €500mln share buyback programme  

Published 14/11/2024, 09:53
© Reuters.  Vodafone kicks off latest €500mln share buyback programme  
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Proactive Investors - Vodafone Group PLC (LSE:LON:VOD) has announced its latest €500 million (£415 million) share buyback will get underway from Thursday.

Citigroup (NYSE:C) had been instructed to facilitate the buyback, Vodafone said on Thursday, with this set to be completed by February 3.

This comes under Vodafone’s plan to return €2 billion to shareholders following the sale of its Spanish wing to Zegona Communications (LSE:ZEG) for €5 billion.

Two previous €500 million buybacks have been launched under the plan, with the first being completed in August and the second on Wednesday.

A separate statement on Thursday showed Vodafone had finalised the second through the repurchase of 19,451,090 shares via Goldman Sachs (NYSE:GS) for an average price of 68.29p each.

Read more on Proactive Investors UK

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