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

VodafoneAnnouncement

11/11/2025 07:05

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251111:nRSK9465Ga&default-theme=true

RNS Number : 9465G  Vodafone Group Plc  11 November 2025

11 NOVEMBER 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$0.20(20)⁄(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
Merrill Lynch International ("MLI") in relation to the purchase by MLI, acting
as riskless principal during the period commencing on 11 November 2025 and
ending no later than 4 February 2026, of Ordinary Shares for a target expense
amount of no greater than €500 million and the simultaneous on-sale of such
Ordinary Shares by MLI 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 2025 Annual General Meeting ("2025 AGM")
pursuant to which the Company is authorised to repurchase up to 3,715,558,736
Ordinary Shares. The sole purpose of the Programme is to reduce share capital.
Ordinary Shares acquired by MLI 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 2025 AGM can be found within the 2025
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 serve over 355 million mobile and broadband customers, operating networks
in 15 countries with investments in a further five and partners in over 40
more. Our undersea cables transport around a sixth of the world's internet
traffic, and we are developing a new direct-to-mobile satellite communications
service to connect areas without coverage. Vodafone runs one of the world's
largest IoT platforms, with over 215 million IoT connections, and we provide
financial services to around 92 million customers across seven African
countries - managing more transactions than any other provider.

From the seabed to the stars, Vodafone's purpose is to keep everyone
connected.

For more information, please visit www.vodafone.com
(https://eur03.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.vodafone.com%2F&data=05%7C02%7Clizzie.seeley%40vodafone.com%7Cc9adecdebd844b56873308dd9fc3d935%7C68283f3b84874c86adb3a5228f18b893%7C0%7C0%7C638842385717990368%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=ddiiHeBoY1041QgiS%2B%2B372I6OF1SHHbprjVi%2FQ1B0ps%3D&reserved=0)
 follow us on X at @VodafoneGroup or connect with us on LinkedIn at
www.linkedin.com/company/vodafone
(https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fvodafone%2Fmycompany%2Fverification%2F&data=05%7C02%7Clizzie.seeley%40vodafone.com%7Cc9adecdebd844b56873308dd9fc3d935%7C68283f3b84874c86adb3a5228f18b893%7C0%7C0%7C638842385718006202%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=rpvX0iX%2FFRy41U4Jd3M0XaKkTYp8DRG%2BZNwe8tauSP8%3D&reserved=0)
.
(https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fvodafone%2Fmycompany%2Fverification%2F&data=05%7C02%7Clizzie.seeley%40vodafone.com%7Cc9adecdebd844b56873308dd9fc3d935%7C68283f3b84874c86adb3a5228f18b893%7C0%7C0%7C638842385718019118%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=JQwRQFktVjzDZmarCzHAPbra76%2BuniFmZkvk5qQQp%2Fk%3D&reserved=0)
 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCBRBDBLDBDGUG



            Copyright 2019 Regulatory News Service, all rights reserved