Vodafone (GB:VOD) has released an update.
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Vodafone Group Plc has completed its share buyback program by purchasing over 19 million ordinary shares from Goldman Sachs International, with the transaction averaging a price of 68.29 pence per share. This move reflects Vodafone’s strategy to manage its capital structure, holding a substantial number of shares in treasury while maintaining over 25 billion shares in issue. Such buybacks can often signal a company’s confidence in its financial health, potentially impacting investor sentiment and stock valuation in financial markets.
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