Vodafone Expands Treasury Stock With Share Buyback

Vodafone (GB:VOD) has released an update.

Vodafone Group Plc has repurchased approximately 4.95 million of its ordinary shares at a volume weighted average price of 73.76 pence per share, as part of its ongoing share buyback program. The shares were acquired from Goldman Sachs International and will be held in treasury, reflecting Vodafone’s strategy to manage its capital structure and potentially enhance shareholder value. This move adds to Vodafone’s substantial treasury stock, with over 2.1 billion shares now held back from the public market.

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