Vodafone Group Plc.
Vodafone Group plc.: OUTCOME OF VODAFONE’S OFFER FOR VODAFONE-PANAFON
Ad-hoc-announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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OUTCOME OF VODAFONE’S OFFER FOR VODAFONE-PANAFON
VODAFONE INCREASES SHAREHOLDING IN VODAFONE-PANAFON TO 98.228%
Vodafone Group Plc (‘Vodafone’) today announces the outcome of its public offer
for the outstanding shares which it did not already own directly or indirectly
as at 1 December 2003 (the ‘Shares’) in Vodafone-Panafon Hellenic
Telecommunications Company S.A. (‘Panafon’) (the ‘Offer’). The acceptance period
for the Offer ended on 22 January 2004.
– On 1 December 2003, the day on which Vodafone announced its decision to
launch the Offer, Vodafone owned directly and indirectly approximately 406
million shares in Panafon, representing 74.795% of Panafon’s share and voting
capital.
– Vodafone has purchased 87,094,515 Shares in the market since 3 December
2003. These market purchases, which represent 16.030% of Panafon’s share and
voting capital, were effected at a price per Share of EUR6.18 or below, for a
total consideration of approximately EUR538 million.
– Following payment on 30 January 2004 of the Offer price of EUR6.18 per Share
in respect of the Shares validly tendered in the acceptance period Vodafone
will have acquired 40,220,500 Shares in the Offer, representing 7.403% of
Panafon’s share and voting capital, for a total consideration of
approximately EUR249 million.
– After acquiring the Shares validly tendered in the acceptance period,
Vodafone will own directly and indirectly a total of 533,684,215 Panafon
shares, representing 98.228% of Panafon’s share and voting capital.
For further information:
Vodafone Group
Tim Brown, Group Corporate Affairs Director
Tel: +44 (0) 1635 673310
Investor Relations
Melissa Stimpson
Darren Jones
Tel: +44 (0) 1635 673310
Media Relations
Bobby Leach
Ben Padovan
Tel: +44 (0) 1635 673310
Goldman Sachs International
Simon Dingemans
Tel: +44 (0) 20 7774 1000
This announcement has been issued by Vodafone Group Plc and is the sole
responsibility of Vodafone Group Plc and has been approved solely for the
purposes of Section 21 of the Financial Services and Markets Act 2000 by Goldman
Sachs International.
end of ad-hoc-announcement (c)DGAP 26.01.2004
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WKN: 875999; ISIN: GB0007192106; Index: Stoxx 50
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260856 Jän 04
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