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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Vodafone Group Plc | LSE:VOD | London | Ordinary Share | GB00BH4HKS39 | ORD USD0.20 20/21 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.08 | 0.12% | 69.08 | 69.28 | 69.32 | 70.00 | 69.14 | 69.30 | 55,110,493 | 16:35:07 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Radiotelephone Communication | 45.71B | 11.84B | 0.4372 | 1.58 | 18.76B |
From Apr 2019 to Apr 2024
(Adds comments from Vodafone Group about its ownership of Vodacom Group.)
By Maryam Cockar
Vodacom Group (VOD.JO) said Monday that black-economic-empowerment shareholders from its subsidiary, Vodacom SA, will acquire between 5.8% and 6.3% in Vodacom Group.
South African telecommunications company Vodacom Group said black-economic-empowerment shareholders in Vodacom SA will buy the shares through YeboYethu Ltd, Vodacom's black-economic-empowerment scheme, in a transaction worth 17.5 billion South African rand ($1.34 billion).
Vodacom Group said it will unwind the existing black-economic-empowerment transaction in Vodacom SA on Oct. 8.
Following the transaction, Vodacom Group's effective black-economic-empowerment shareholding will increase to about 20%.
Vodafone Group PLC (VOD.LN), the majority shareholder of Vodacom, said as a result of the transaction Vodacom Group will increase its ownership of Vodacom SA to 100% from 94% by issuing new Vodacom Group shares to its black-economic-empowerment investors. This will consequently reduce Vodafone's shareholding in Vodacom Group to about 61% from 65%.
Black economic empowerment is a program run by the South African government that seeks to redress the economic inequalities that arose from Apartheid.
Write to Maryam Cockar at maryam.cockar@dowjones.com
(END) Dow Jones Newswires
June 11, 2018 03:19 ET (07:19 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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