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Vodafone ( (GB:VOD) ) has issued an announcement.
Vodafone Group Plc has purchased 9,000,000 of its ordinary shares at an average price of 68.26 pence per share from Citigroup Global Markets Limited as part of its ongoing share repurchase program. This transaction is part of Vodafone’s strategy to manage its capital structure, potentially enhancing shareholder value by holding these shares in treasury, which may influence the company’s stock market value and investor perception.
More about Vodafone
Vodafone Group Plc operates in the telecommunications industry, providing a wide range of services including mobile and fixed-line communications. It serves a global market with a significant focus on European and international markets, offering services such as voice, messaging, data, and fixed broadband.
YTD Price Performance: 0.47%
Average Trading Volume: 79,363,959
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £17.5B
See more insights into VOD stock on TipRanks’ Stock Analysis page.
