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Vodafone Shares Edge Higher After 7.5M Share Buyback Announcement

Vodafone Shares Edge Higher After 7.5M Share Buyback Announcement

Author:

Global Cryptocurrency

Published:

2026-01-12 11:42:02

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BTCCSquare news:

Vodafone Group's shares saw a modest uptick in London trading following the disclosure of a 7.5 million share repurchase. The telecom giant acquired the shares at an average price of 102.04 pence, with transactions ranging between 101.10 and 103.75 pence. This MOVE expands Vodafone's treasury stock to 1.42 billion shares while leaving 23.46 billion shares outstanding.

Investors responded cautiously, pushing the stock up just 0.2% to 101.36 pence in early trading. Market attention now shifts to Vodafone's upcoming February 5 trading update, which may provide clearer signals about cash Flow and operational performance. The buyback underscores the company's focus on shareholder returns amid ongoing market uncertainty.

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