Summary by Moomoo AI
Vodafone announced the commencement of a share repurchase program worth €500 million on November 14, 2024. The program will run until February 3, 2025, with Citigroup Global Markets Limited executing the purchases on the London Stock Exchange and Multilateral Trading Facilities.The company has provided Citigroup with non-discretionary instructions to act as riskless principal for the share purchases. The program operates under shareholder authorization from the 2024 AGM, allowing repurchase of up to 4,053,092,397 ordinary shares. The sole purpose is to reduce share capital.The acquired shares will be held as treasury shares and subsequently either cancelled or allocated to employee share awards. All purchases will comply with EU regulatory standards for buyback programs as implemented in UK law.
