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Vodafone Executes Major Share Buyback from Goldman Sachs
Company Announcements

Vodafone Executes Major Share Buyback from Goldman Sachs

Story Highlights
  • Vodafone is a leading telecom company offering global mobile and broadband services.
  • Vodafone bought back 38.69 million shares to hold in treasury, affecting market valuation.
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Vodafone ( (GB:VOD) ) just unveiled an update.

Vodafone Group Plc has executed a significant share repurchase transaction, acquiring approximately 38.69 million of its own ordinary shares from Goldman Sachs International. This move is part of Vodafone’s ongoing buyback programme, aimed at holding these shares in treasury, impacting the company’s share capital structure and potentially influencing its market valuation and shareholder value.

More about Vodafone

Vodafone Group Plc is a prominent telecommunications company that provides a wide range of services, including mobile voice, messaging, data, and fixed broadband. It operates on a global scale, focusing on delivering connectivity and digital solutions to consumers and businesses.

YTD Price Performance: -2.61%

Average Trading Volume: 95,593,020

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: £16.73B

For a thorough assessment of VOD stock, go to TipRanks’ Stock Analysis page.

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