Transaction in Own Shares

RNS Number : 6850I

Vodafone Group Plc

20 June 2011

 



VODAFONE GROUP PLC

 SHARE PURCHASES

Vodafone Group Plc ('Vodafone') announces today that, further to its announcement on 16 June 2011 regarding the completion of the disposal of its 44% interest in SFR, it is commencing a £4bn share buyback programme in order to return a significant part of the proceeds of such disposal to shareholders.  On 17 June 2011 Vodafone gave irrevocable instructions to Deutsche Bank AG London, Citigroup Global Markets U.K. Equity Limited, UBS Limited and J.P. Morgan Cazenove to purchase Vodafone shares on Vodafone's behalf during the period from 20 June 2011 until 30 December 2011 (the "Period").  As the existing shareholder approval to purchase shares expires at the Annual General Meeting on 26 July 2011, purchases after that date are subject to renewed shareholder approval at the Annual General Meeting.  The purchase of shares in the Period pursuant to the irrevocable instructions and the £4bn share buyback programme will be executed at all times only in accordance with Vodafone's authority to make market purchases of its shares.

This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.

 

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