Vodafone Group Public Limited Company (LSE:VOD) announces a share repurchase program. Under the program, the company will repurchase up to £500 million worth of its shares. The repurchased shares will be held as treasury shares.

The company has given irrevocable and non discretionary instructions to Morgan Stanley & Co. International Plc to repurchase shares on its behalf. The purpose of the program is to reduce the issued share capital of the company.

The shares repurchased will be held as treasury shares and then either cancelled or allocated to employee share awards as they fall due. The program will end no later than August 15, 2024.