Vodafone Launches EUR 500M Share Buyback
Ticker: VODPF · Form: 6-K · Filed: Nov 14, 2024 · CIK: 839923
| Field | Detail |
|---|---|
| Company | Vodafone Group Public Ltd Co (VODPF) |
| Form Type | 6-K |
| Filed Date | Nov 14, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.20 |
| Sentiment | bullish |
Sentiment: bullish
Topics: share-buyback, capital-return, vodafone
TL;DR
Vodafone is buying back up to €500M in stock until March 2025. Time to load up?
AI Summary
Vodafone Group Plc announced on November 14, 2024, the commencement of a share buyback program of up to EUR 500 million. This program is expected to run until March 31, 2025, and aims to return capital to shareholders.
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 — Share buybacks are generally viewed positively by the market and indicate financial health.
Key Numbers
- EUR 500 million — Share Buyback Program (Maximum amount Vodafone intends to spend on repurchasing its shares.)
- March 31, 2025 — Program End Date (The deadline by which the share buyback program is expected to conclude.)
Key Players & Entities
- Vodafone Group Plc (company) — Issuer of the announcement
- EUR 500 million (dollar_amount) — Total value of the share buyback program
- March 31, 2025 (date) — End date of the share buyback program
FAQ
What is the primary purpose of this announcement?
The announcement details the commencement of a share buyback program by Vodafone Group Plc.
What is the maximum value of the share buyback program?
The share buyback program is for up to EUR 500 million.
When is the share buyback program expected to conclude?
The program is expected to conclude by March 31, 2025.
What type of filing is this?
This is a Form 6-K filing, which is a Report of Foreign Private Issuer.
What is the company's principal executive office address?
The company's principal executive offices are located at Vodafone House, The Connection, Newbury, Berkshire, RG14 2FN, England.
Filing Stats: 636 words · 3 min read · ~2 pages · Grade level 16.9 · Accepted 2024-11-14 06:11:53
Key Financial Figures
- $0.20 — s in the share capital of Vodafone of US$0.20   20 / 21   each (the " Ordin
Filing Documents
- a1653m.htm (6-K) — 22KB
- 0001654954-24-014308.txt ( ) — 24KB
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: November 14, 2024 By: /s/ M D B   Name: Maaike de Bie   Title: Group General Counsel and Company Secretary