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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Vodafone Group Plc | LSE:0LQQ | London | Ordinary Share | VODAFONE GROUP ADR REPRESENTING 10 ORD S |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 26.54 | 228,541 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Radiotelephone Communication | 45.71B | 11.84B | 0.4108 | 1.79 | 21.18B |
TIDMVOD
RNS Number : 8694Q
Vodafone Group Plc
11 June 2018
11 June 2018
CHANGE IN VODAFONE'S OWNERSHIP OF VODACOM GROUP AND VODACOM GROUP'S
OWNERSHIP OF ITS SOUTH AFRICAN SUBSIDIARY
Vodafone notes the announcement today by Vodacom regarding its transaction that is intended to support incremental broad-based BEE (black economic empowerment) and ownership in Vodacom. As a result of the transaction, Vodacom's BEE ownership will move from Vodacom South Africa to Vodacom Group. Vodacom will increase its ownership of Vodacom South Africa from 93.75% to 100% and issue new Vodacom Group shares to its BEE investors, diluting existing Vodacom Group shareholders on a proportionate basis. Consequently, it is expected that Vodafone's shareholding in Vodacom will fall from 64.5% to approximately 60.5% ([1]) .
- ends -
([1]) The Vodacom South Africa / Vodacom Group share exchange ratio will be based on the 60-day volume weighted average price of the Vodacom Group share on the last practicable date before the final approval of the Vodacom Group and YeboYethu (Vodacom South Africa BEE shareholders) circulars by the JSE, expected to be 3 July 2018. For further details please refer to the SENS announcement made today by Vodacom.
For further information:
Vodafone Group Media Relations Investor Relations www.vodafone.com/media/contact Telephone: +44 (0) 7919 990 230
About Vodafone Group
Vodafone Group is one of the world's largest telecommunications companies and provides a range of services including voice, messaging, data and fixed communications. Vodafone Group has mobile operations in 25 countries, partners with mobile networks in 46 more, and fixed broadband operations in 18 markets. As of 31 March 2018, Vodafone Group had 535.8 million mobile customers and 19.7 million fixed broadband customers, including India and all of the customers in Vodafone's joint ventures and associates. For more information, please visit: www.vodafone.com
Vodacom shareholding
Vodafone's holding in Vodacom is currently directly held by Vodafone Investments (SA) Proprietary Limited ("VISA") (56.18%) and Vodafone International Holdings B.V. ("VIHBV") (8.32%). Upon dilution from 64.5% to 60.5%, the shareholdings will change to 52.70% by VISA and 7.80% by VIHBV.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
June 11, 2018 02:00 ET (06:00 GMT)
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