Vodafone ( (GB:VOD) ) has provided an announcement.
Vodafone Group Plc announced the purchase of 3,000,000 of its ordinary shares from Goldman Sachs International at an average price of 75.38 pence per share. The shares will be held in treasury, increasing Vodafone’s treasury shares to over 1.4 billion. This transaction is part of a buyback program aimed at optimizing the company’s capital structure and potentially enhancing shareholder value.
More about Vodafone
Vodafone Group Plc is a multinational telecommunications company that provides a range of services including mobile and fixed-line telephony, broadband, and digital television. It operates in various markets worldwide, focusing on delivering connectivity and digital services to consumers and businesses.
YTD Price Performance: 10.31%
Average Trading Volume: 96,505,548
Technical Sentiment Signal: Sell
Current Market Cap: £18.82B
For an in-depth examination of VOD stock, go to TipRanks’ Stock Analysis page.