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
May 20, 2025
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 20
May 2025 entitled ‘€500 MILLION SHARE BUYBACK PROGRAMME
TO COMMENCE’.
20 May 2025
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€500 MILLION SHARE BUYBACK PROGRAMME TO COMMENCE
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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.
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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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Registered Office: Vodafone House, The Connection, Newbury,
Berkshire RG14 2FN, England. Registered in England No.
1833679
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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 follow
us on X at @VodafoneGroup or connect with us on LinkedIn
at www.linkedin.com/company/vodafone.
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:
May 20, 2025
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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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