August 25, 2017 / 6:11 AM / a month ago

BRIEF-Vodafone says to commence new share buyback programme

Aug 25 (Reuters) - VODAFONE GROUP PLC:

* MANDATORY CONVERTIBLE BOND & ASSOC‘D SHARE BUYBACK

* MATURING MANDATORY CONVERTIBLE BOND AND ASSOCIATED SHARE BUYBACK PROGRAMME

* TO COMMENCE A NEW IRREVOCABLE AND NON-DISCRETIONARY SHARE BUY-BACK PROGRAMME

* PURPOSE OF PROGRAMME IS TO REDUCE ISSUED SHARE CAPITAL OF VODAFONE AND TO AVOID ANY CHANGE IN ISSUED SHARE CAPITAL ON MATURING OF FIRST TRANCHE OF MCB

* PROGRAMME WILL BE FINANCED OUT OF PROCEEDS FROM VODAFONE‘S VERIZON LOAN NOTES Source text for Eikon: Further company coverage:

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