REG - Vodafone Group Plc - €500 MILLION SHARE BUYBACK PROGRAMME TO COMMENCE

VodafoneAnnouncement

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RNS Number : 2974J  Vodafone Group Plc  20 May 2025

20 May 2025

 €500 MILLION SHARE BUYBACK PROGRAMME TO COMMENCE

Vodafone Group Plc ("Vodafone") today announces that it will commence a share
repurchase programme of ordinary shares in the share capital of Vodafone of
US$0.2020⁄21 each (the "Ordinary Shares") up to a maximum consideration of
€500 million (the "Programme").

Vodafone announces that it has given a non-discretionary instruction to
Citigroup Global Markets Limited ("Citi") in relation to the purchase by Citi,
acting as riskless principal during the period commencing on 20 May 2025 and
ending no later than 23 July 2025, of Ordinary Shares for a target expense
amount of no greater than €500 million and the simultaneous on-sale of such
Ordinary Shares by Citi to Vodafone.

Any purchase of Ordinary Shares done in relation to this announcement will be
carried out on the London Stock Exchange and Multilateral Trading Facilities,
as defined by the Directive 2014/65/EU on markets in financial instruments
(including the delegated and implementing acts adopted under it) as
implemented, retained, amended, extended, re-enacted or otherwise given effect
in the United Kingdom from 1 January 2021 and as amended or supplemented in
the United Kingdom thereafter, and executed in accordance with the UK Listing
Rules and Vodafone's general authority to make market purchases of Ordinary
Shares granted by shareholders at the 2024 Annual General Meeting ("2024 AGM")
pursuant to which the Company is authorised to repurchase up to 4,053,092,397
Ordinary Shares. The sole purpose of the Programme is to reduce share capital.
Ordinary Shares acquired by Citi will be subsequently repurchased by Vodafone,
held as treasury shares and then either cancelled or allocated to employee
share awards as they fall due.

The Ordinary Shares will be purchased in accordance with the price and volume
conditions set out in the Commission Delegated Regulation (EU) 2016/1052 of 8
March 2016 supplementing Regulation (EU) No 596/2014 of the European
Parliament and of the Council with regard to regulatory technical standards
for the conditions applicable to buyback programmes and stabilisation measures
as implemented, retained, amended, extended, re-enacted or otherwise given
effect in the United Kingdom from 1 January 2021 and as amended or
supplemented in the United Kingdom thereafter.

Details of the authority granted at the 2024 AGM can be found within the 2024
Notice of Meeting on our website.

- ends -

 For more information, please contact:
 Investor Relations:  i (https://investors.vodafone.com) nvestors.vodafone.com  ir@vodafone.co.uk (mailto:ir@vodafone.co.uk)  Media Relations:  Vodafone.com/media/contact (https://Vodafone.com/media/contact)  GroupMedia@vodafone.com (mailto:GroupMedia@vodafone.com)
                      (https://investors.vodafone.com)
 Registered Office: Vodafone House, The Connection, Newbury, Berkshire RG14
 2FN, England. Registered in England No. 1833679

About Vodafone

Vodafone is a leading European and African telecoms company. We provide mobile
and fixed services to over 340 million customers in 15 countries, partner with
mobile networks in over 40 more and have one of the world's largest IoT
platforms. In Africa, our financial technology businesses serve almost 88
million customers across seven countries - managing more transactions than any
other provider.

 

Our purpose is to connect for a better future by using technology to improve
lives, businesses and help progress inclusive sustainable societies. We are
committed to reducing our environmental impact to reach net zero emissions by
2040.

 

For more information, please visit www.vodafone.com (http://www.vodafone.com)
follow us on X at @VodafoneGroup or connect with us on LinkedIn at
www.linkedin.com/company/vodafone.
(https://www.linkedin.com/company/vodafone/mycompany/verification/)

 

 

 

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