UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULES 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
Dated
November 14, 2024
Commission
File Number: 001-10086
VODAFONE GROUP
PUBLIC LIMITED COMPANY
(Translation
of registrant’s name into English)
VODAFONE
HOUSE, THE CONNECTION, NEWBURY, BERKSHIRE, RG14 2FN,
ENGLAND
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form
20-F ✓
Form 40-F _
This
Report on Form 6-K contains a Stock Exchange Announcement dated 14
November 2024 entitled €500 MILLION SHARE BUYBACK PROGRAMME
TO COMMENCE.
14 November 2024
Vodafone Group Plc
€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 Citigroup Global Markets Limited (Citi) in relation
to the purchase by Citi acting as riskless principal during the
period commencing on 14 November 2024 and ending no later than 3
February 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 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.
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For more information, please contact:
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Investor Relations:
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investors.vodafone.com
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Media Relations:
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Vodafone.com/media/contact
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorised.
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VODAFONE
GROUP
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PUBLIC
LIMITED COMPANY
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(Registrant)
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Date:
November 14, 2024
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By: /s/ M D B
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Name: Maaike de Bie
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Title: Group General Counsel and Company Secretary
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