Vodafone announced its purchase of 5.65 million ordinary shares from Barclays Capital Securities through the London Stock Exchange at 164.2678 pence each. The shares will be held by Vodafone in its treasury. The company has repurchased 127.41 million shares for 203.21 million pounds since Dec 10, 2012.
Why do they put the stock in the treasury and not retire the stock?
do you check your facts before you write things? Here's the facts based on the last financials reported by the company. September 2011 fully diluted shares are 51,422 shares. September 2012 is 49,310. That means there are now 4% fewer shares in circulation, counting all potential dilution.