Vodafone Group PLC - Newbury, England-based telecommunications provider - Starts EUR500 million share buyback on Wednesday. The buyback will be run by Goldman Sachs International and be completed by November 29. It is part of an overall EUR2 billion share buyback programme to return some proceeds from the company's sale of its business in Spain to Zegona Communications PLC for EUR5 billion back in May. The EUR500 million first tranche of the 12-month programme, had been started on May 15. Vodafone has a market capitalisation of GBP19.22 billion.

Current stock price: 71.92 pence, up 2.1% in London on Wednesday

12-month change: down 1.1%

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.