LONDON, July 7, 2026, 14:09 BST
- Vodafone was at 98.60p, up 0.53%, as of 14:07 BST. Shares moved between 99.02p and 97.82p so far.
- RNS did not have a Vodafone update for July 6 or July 7. The last entry was a voting rights notice on July 1.
- Vodafone reported a voting-rights base of 23.0276 billion as of June 30, dropping 21.5 million since April 30.
Vodafone Group Public Limited Company LON:VOD ticked higher with London’s blue chips on Tuesday, but investors zeroed in on changes to the share count. The shares closed up half a penny just below 99p. Vodafone’s new voting-rights update showed a reduced figure for ownership calculations following recent buybacks and shifts to treasury stock.
The London Stock Exchange traded normally, open from 08:00 to 16:30 BST. July 7 was a regular Tuesday trading day, according to TradingHours. At 14:07 BST, Davy data showed Vodafone at 98.60p, up 0.52p or 0.53%. Davy Group FTSE 100 was ahead 0.43% at 10,697.65 on delayed stats from Investors Chronicle. Earlier, Reuters put it up 0.2% at 10,673.85 at 10:57 GMT as energy stocks lifted the index.
| Measure | Vodafone | Market read |
|---|---|---|
| Last delayed price | 98.60p | Shares up 0.53% |
| Day range | 97.82p-99.02p | Spread of 1.2p, about 1.2% from last close |
| Market capitalisation | About £22.70 bln | Roughly tracking voting base priced at 98.60p |
| FTSE 100 | 10,697.65 | Index up 0.43% in IC delayed data |
Vodafone shares have bounced off last year’s low, but the price is still well under the one-year high. AJ Bell says the stock’s high is 131.10p, with a low at 67.5457p. Right now at 98.60p, the stock sits about 24.8% off the top, but it’s up about 46.0% from the low.
| Range check | Level | Distance from 98.60p |
|---|---|---|
| Year high | 131.10p | -24.8% |
| Year low | 67.5457p | +46.0% |
| Intraday high | 99.02p | -0.4% |
| Intraday low | 97.82p | +0.8% |
Vodafone reported in a July 1 RNS that as of June 30, it had 24,328,378,589 ordinary shares out, with 1,300,822,663 held in treasury. That gives 23,027,555,926 voting rights for shareholder disclosure counts. Treasury shares made up 5.35% of the issued total.
Vodafone’s voting base fell this month even with no new company news. As of April 30, the group held 1,279,308,369 shares in treasury with 23,049,070,220 voting rights. The updated June figure drops the voting pool by 21.5 million shares, down 0.09%—a modest shift for index trackers, but it can matter for investors watching disclosure thresholds. At Tuesday’s close of 98.60p, the change is worth roughly £21.2 million in stock.
| Date | Treasury shares | Voting rights | Change in voting rights vs April 30 |
|---|---|---|---|
| April 30, 2026 | 1.2793 bln | 23.0491 bln | — |
| June 30, 2026 | 1.3008 bln | 23.0276 bln | -21.5 mln |
Vodafone’s newest RNS was a July 1 notice on voting rights. The last update came June 30, when Vodafone said its African unit Vodacom Group Ltd JSE:VOD finished buying an effective 20% in Safaricom Plc NSE:SCOM, bringing Vodacom’s stake in Safaricom to 55%.
The Safaricom transaction boosted Vodafone’s consolidated African numbers. Vodacom picked up 15% of Safaricom from Kenya’s government for KES 204 billion, or €1.36 billion, and bought another 5% from Vodafone itself for KES 68 billion, or €0.45 billion, according to Vodafone.
Another big overhang for the stock is in the UK. Vodafone said in May it will buy out CK Hutchison’s 49% in VodafoneThree for £4.3 billion in cash, aiming to finish the deal in the second half of 2026. The company said the move should lift pro-forma net leverage by 0.4 times. It still needs clearance under the UK’s National Security and Investment Act. Vodafone CEO Margherita Della Valle said taking full control would let Vodafone “drive long-term value for our shareholders.” Vodafone
Vodafone’s FY26 numbers shaped the outlook for cash returns. The group finished the last €0.5 billion part of its second €2 billion buyback on May 11. Total FY26 dividends hit 4.6125 euro cents a share, a 2.5% lift. Adjusted EBITDAaL was €11.6 billion, and adjusted free cash flow came in at €2.6 billion, both on a guidance basis. Investegate CEO Della Valle said Vodafone is “well set for mid-term growth.” Investegate
Valuation views are divided. Investors Chronicle data showed 15 analysts set a median 12-month target at 111.07p, with calls ranging from 85.43p up to 145.24p. With Tuesday’s price at 98.60p, that puts the median target about 12.6% higher. Investors Chronicle Hargreaves Lansdown’s Matt Britzman said in a May note the Vodafone turnaround “is far from complete” and called Germany “Vodafone’s toughest nut to crack.” HL
Vodafone is set to give its Q1 FY27 trading update on July 27, with the next results scheduled for that date.
