Vodafone Group Plc CHANGE IN VODAFONE'S OWNERSHIP OF VODACOM GROUP (8694Q)
11 Junio 2018 - 1:00AM
UK Regulatory
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
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END
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