Vodafone Group Plc.
VODAFONE INCREASES SHAREHOLDING IN VODAFONE-PANAFON TO 89.519%
Ad-hoc-announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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VODAFONE INCREASES SHAREHOLDING IN VODAFONE-PANAFON TO 89.519%
Further to the announcement of Vodafone Group Plc (‘Vodafone’) on 8 January
2004 relating to its public offer for the remaining 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’), Vodafone today announces that it has further increased its
direct and indirect holding in Panafon from 86.632 per cent. as at 7 January
2004 to 89.519 per cent. as at 19 January 2004. The increase in shareholding
was effected through market purchases at a price per Share of EUR 6.18 or below
for an aggregate consideration of approximately EUR 97 million.
Vodafone will continue to make market purchases at a price per Share of EUR
6.18 or below up to the end of the acceptance period of the Offer on 22 January
2004.
The acceptance period of the Offer cannot be extended.
end of ad-hoc-announcement (c)DGAP 19.01.2004
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
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
The Offer is not being made and will not be made, directly or indirectly, in or
into the United States, Canada, Australia or Japan (each an “Excluded
Territory”), and copies of the information circular, this announcement and any
related materials thereto are not being and may not be sent or otherwise
distributed in or into any Excluded Territory or sent by any means or
instrumentality of interstate or foreign commerce of any Excluded Territory and
the Offer cannot be accepted by any such use, means or instrumentality, in or
from within any Excluded Territory.
Goldman Sachs International is acting as financial adviser for Vodafone Group
Plc and no one else in connection with the Offer and will not be responsible to
anyone other than Vodafone Group Plc for providing the protections afforded to
clients of Goldman Sachs International or for providing advice in relation to
the Offer.
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.
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WKN: 875999; ISIN: GB0007192106; Index: Stoxx 50
Listed: Amtlicher Markt in Frankfurt (General Standard/Dt. Zert.); Freiverkehr
in Berlin-Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart
191658 Jän 04
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