RNS Number : 6611Z
Vodafone Group Plc
23 July 2008
23 July 2008
SHARE REPURCHASE PROGRAMME
The Board of Vodafone Group Plc ("the Company") has considered the market reaction to the
Group's Interim Management Statement, issued
on 22 July 2008, and has decided to introduce a £1 billion share repurchase programme with
immediate effect. This action reflects the
Board's belief that the share price significantly undervalues Vodafone.
Shares will be purchased on market on the London Stock Exchange in accordance with
shareholder approval obtained at the Company's Annual
General Meeting ("AGM") in July 2007 and subject to the renewal of that approval at the
Company's AGM on 29 July 2008.
The maximum share price payable for any shares will be no greater than 105% of the average
of the middle market closing price of the
Company's share price on the London Stock Exchange for the five business days immediately
preceding the trade date on which any shares are
purchased. Any shares repurchased will be held in treasury.
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For further information:
Vodafone Group
Investor Relations
Tel: +44 (0) 1635 664447
Media Relations
Tel: +44 (0) 1635 664444
This information is provided by RNS
The company news service from the London Stock Exchange
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