Vodafone Launches EUR 500M Share Buyback
Ticker: VODPF · Form: 6-K · Filed: Aug 7, 2024 · CIK: 839923
| Field | Detail |
|---|---|
| Company | Vodafone Group Public Ltd Co (VODPF) |
| Form Type | 6-K |
| Filed Date | Aug 7, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.20 |
| Sentiment | bullish |
Sentiment: bullish
Topics: share-buyback, capital-return, shareholder-value
TL;DR
Vodafone is buying back up to €500M in stock starting Aug 8, 2024, through Feb 7, 2025.
AI Summary
Vodafone Group Plc announced on August 7, 2024, the commencement of a share buyback program of up to EUR 500 million. The program is expected to begin on August 8, 2024, and conclude by February 7, 2025. This initiative is part of Vodafone's previously announced intention to return approximately EUR 4 billion to shareholders in fiscal year 2025.
Why It Matters
This buyback program signals Vodafone's commitment to returning capital to shareholders and could potentially boost the stock price by reducing the number of outstanding shares.
Risk Assessment
Risk Level: low — The announcement is a straightforward capital return program with a defined amount and timeframe, posing minimal new risk.
Key Numbers
- EUR 500 million — Share Buyback Program (Maximum amount to be repurchased)
- EUR 4 billion — Total Shareholder Returns (Planned capital return for fiscal year 2025)
Key Players & Entities
- Vodafone Group Plc (company) — Registrant
- EUR 500 million (dollar_amount) — Share buyback program amount
- August 7, 2024 (date) — Announcement date
- August 8, 2024 (date) — Start date of buyback
- February 7, 2025 (date) — End date of buyback
- EUR 4 billion (dollar_amount) — Total planned shareholder returns for FY2025
FAQ
When will the Vodafone share buyback program commence?
The program is expected to commence on August 8, 2024.
What is the maximum value of the share buyback program?
The program is for up to EUR 500 million.
When is the share buyback program scheduled to conclude?
The program is expected to conclude by February 7, 2025.
Is this buyback part of a larger capital return plan?
Yes, it is part of Vodafone's previously announced intention to return approximately EUR 4 billion to shareholders in fiscal year 2025.
What is the filing type and date?
This is a Form 6-K filed on August 7, 2024.
Filing Stats: 633 words · 3 min read · ~2 pages · Grade level 16.8 · Accepted 2024-08-07 06:43:25
Key Financial Figures
- $0.20 — he share capital of Vodafone of  US$0.20   20 / 21   each (the " Ordin
Filing Documents
- a454z.htm (6-K) — 21KB
- 0001654954-24-010051.txt ( ) — 22KB
SIGNATURES
SIGNATURES       Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorised.       VODAFONE GROUP   PUBLIC LIMITED COMPANY   (Registrant)         Date: August 07, 2024 By: /s/ M D B   Name: Maaike de Bie   Title: Group General Counsel and Company Secretary