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Vodafone ( (GB:VOD) ) has shared an update.
Vodafone Group Plc announced the purchase of 13.4 million of its ordinary shares from Citigroup Global Markets Limited as part of its share buyback program. This transaction, with a volume-weighted average price of 69.21 pence per share, is part of Vodafone’s strategy to manage its capital structure efficiently by holding the purchased shares in treasury, impacting its financial positioning and shareholder value.
More about Vodafone
Vodafone Group Plc is a leading telecommunications company offering a wide range of services in the mobile and fixed network sectors. The company focuses on providing reliable communication services to a global market, enhancing connectivity and digital experiences for its customers.
YTD Price Performance: 8.90%
Average Trading Volume: 74,867,887
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £17.72B
For an in-depth examination of VOD stock, go to TipRanks’ Stock Analysis page.