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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 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Radiotelephone Communication | 36.72B | 1.57B | 0.0545 | 13.57 | 21.31B |
TIDMVOD
RNS Number : 4798B
Vodafone Group Plc
02 June 2023
Vodafone Group Plc announces final results in respect of its Tender Offers
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA (THE "UNITED STATES") OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT.
THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UNITED KINGDOM DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018.
2 June 2023
In connection with the invitations by Vodafone Group Plc (the "Company") to holders of (a) its outstanding EUR2,000,000,000 Capital Securities due 2079 (ISIN: XS1888179477) and (b) its outstanding U.S.$1,300,000,000 Capital Securities due 2078 (ISIN: XS1888180640) (together, the "Securities") to tender their Securities for purchase by the Company for cash (each such invitation, an "Offer" and together, the "Offers") first announced on 24 May 2023, the Company announces today the final results of the Offers. The Offers were made on the terms and subject to the conditions (including, without limitation, the New Financing Condition) contained in the tender offer memorandum dated 24 May 2023 (the "Tender Offer Memorandum") prepared by the Company in respect of the Offers.
Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum.
The Expiration Deadline for the Offers was 4.00 p.m. (London time) on 1 June 2023.
The Company announces that the New Financing Condition has been satisfied. The Company announced on 25 May 2023 that, in respect of the Dollar Securities only, the Maximum Dollar Acceptance Amount was U.S.$324,008,000.
The Company announces it will accept validly tendered Securities pursuant to the Offers in the amounts as set out in the table below.
Description of the Aggregate Series Acceptance Pro-ration Factor Aggregate principal Securities nominal amount Amount that will be amount outstanding validly tendered applied to Dollar after the for purchase Securities Settlement Date Common Code / ISIN (if any)(*) ------------------ ----------------- ------------------ ----------------- ------------------- EUR2,000,000,000 Capital Securities due 188817947 / 2079 XS1888179477 EUR1,561,295,000 EUR1,561,295,000 N/A EUR438,705,000 ------------------ ----------------- ------------------ ----------------- ------------------- U.S.$1,300,000,0 188818064 / U.S.$1,054,012,00 U.S.$324,008,000 26.1164% U.S.$975,992,000 00 Capital XS1888180640 0 Securities due 2078 * See the section headed "Further Information and Terms and Conditions - Pro-ration of Tenders" in the Tender Offer Memorandum for further information.
The expected Settlement Date for the Offers is 6 June 2023.
DEALER MANAGERS
BNP Paribas (Telephone: +33 1 55 77 78 94; Email: liability.management@bnpparibas.com; Attention: Liability Management Group); Merrill Lynch International (Telephone: +44 20 7996 5420; Email: DG.LM-EMEA@bofa.com ; Attention: Liability Management Group ) ; and NatWest Markets Plc (Telephone: +44 20 7678 5282; Email: liabilitymanagement@natwestmarkets.com ;
Attention: Liability Management Group).
TENDER AGENT
Kroll Issuer Services Limited (Telephone: +44 20 7704 0880; Email: vodafone@is.kroll.com ; Attention: Owen Morris).
This announcement is made by Vodafone Group Plc and relates to the disclosure of information that qualified or may have qualified as inside information within the meaning of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR"). For the purposes of UK MAR, this announcement is made by Maaike de Bie, Group General Counsel and Company Secretary of Vodafone.
DISCLAIMER
This announcement must be read in conjunction with the Tender Offer Memorandum. No offer or invitation to acquire any securities is being made pursuant to this announcement. The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement and/or the Tender Offer Memorandum comes are required by each of the Company, the Dealer Managers and the Tender Agent to inform themselves about, and to observe, any such restrictions.
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.
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END
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(END) Dow Jones Newswires
June 02, 2023 02:52 ET (06:52 GMT)
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