Transaction in Own Shares

RNS Number : 6090X

Vodafone Group Plc

12 February 2013

 



VODAFONE GROUP PLC

SHARE PURCHASES

Further to its announcement on 13 November 2012 regarding the commencement of a £1.5 billion share buyback programme,  and its announcement on 10 December 2012 regarding the irrevocable instructions issued to Barclays to manage part of the share buyback programme (the "Initial Instruction"), Vodafone Group Plc ("Vodafone") announces that it has entered into a new agreement with Barclays Bank PLC and Barclays Capital Securities Limited (together "Barclays") under which it has issued an irrevocable instruction starting from 12^th February 2013  to Barclays for Barclays to manage part of the share buyback programme.

Barclays will carry out the instruction through the acquisition by Barclays Bank PLC or Barclays Capital Securities Limited of ordinary shares of US$0.11 3/7 each in Vodafone ("Shares") for subsequent purchase by Vodafone. The instruction to Barclays will run for the period from 12 February 2013 and end no later than 10 July 2013 (the "Period").  The total amount of the Initial Instruction and this new instruction to Barclays will not be greater than £1.5 billion, as is determined in accordance with the agreement between Vodafone and Barclays.

The purchase of Shares in the Period by Vodafone following the agreement with Barclays and the £1.5 billion share buyback programme will be executed at all times only in accordance with Vodafone's authority to make market purchases of Shares.

Barclays may undertake transactions in Shares (which may include sales and hedging activities, in addition to purchases which may take place on any available trading venue or on an over the counter basis) during the Period in order to manage its market exposure under the programme. Disclosure of such transactions will not be made by Barclays as a result of or as part of the programme, but Barclays will continue to make any disclosures it is otherwise legally required to make. Disclosure of the purchase of Shares by Vodafone will only be made via RNS by 7am on the business day following such purchases.

 

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