Vodafone Group Plc (VOD) has released an update.
Vodafone Group Plc has launched a €500 million share buyback program to repurchase its ordinary shares, with the process being managed by Morgan Stanley & Co. International Plc as a riskless principal. The program, which is set to reduce the company’s share capital, will purchase shares on the London Stock Exchange and other trading facilities, and will run from May 15, 2024, to no later than August 15, 2024. Shares acquired will be held as treasury shares to be either cancelled or allocated for employee share awards.
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