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Vodafone Enhances Treasury Stock with Strategic Share Buyback

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Vodafone Enhances Treasury Stock with Strategic Share Buyback

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Vodafone ( (GB:VOD) ) has issued an announcement.

Vodafone Group Plc has executed a share repurchase program, acquiring 38,650,504 of its ordinary shares from Goldman Sachs International. The shares will be held in treasury, increasing Vodafone’s treasury stock to over 2.1 billion shares. This strategic move is part of a previously announced program and highlights Vodafone’s efforts to manage its share capital efficiently, potentially impacting shareholder value and market perception.

More about Vodafone

Vodafone Group Plc is a leading telecommunications company that provides a range of services including voice, messaging, data, and fixed broadband. The company operates globally, serving a diverse market with a focus on connectivity and digital services.

YTD Price Performance: 1.20%

Average Trading Volume: 94,026,449

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: £17.43B

Learn more about VOD stock on TipRanks’ Stock Analysis page.

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