Vodafone Group Plc.
VODAFONE INCREASES SHAREHOLDING IN VODAFONE-PANAFON TO 99.323%
Ad-hoc-announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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26 February 2004
For Immediate Release – Not for release or distribution in the United States of
America, Canada, Australia or Japan
VODAFONE INCREASES SHAREHOLDING IN VODAFONE-PANAFON TO 99.323%
Further to the announcement of Vodafone Group Plc (‘Vodafone’) on 2 February
2004 relating to the settlement of its public offer for the remaining
outstanding shares which it did not already own directly or indirectly as at 1
December 2003 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 98.228 per cent. as
at 2 February 2004 to 99.323 per cent. as at 26 February 2004. The increase
in shareholding was effected through market purchases at a price per Panafon
share of EUR 6.18 for an aggregate consideration of approximately EUR 35.6
million.
Vodafone intends to make market purchases at a price per Panafon share of EUR
6.18 until 26 March 2004.
At the request of Vodafone, Panafon has invited its shareholders to attend an
Extraordinary General Meeting on 18 March 2004 at which Panafon will seek
approval for the submission to the Capital Markets Commission of an application
to de-list the shares of Panafon from the Athens Exchange.
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 was not 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 were
not 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 was not accepted by any such
use, means or instrumentality, in or from within any Excluded Territory.
Goldman Sachs International acted 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.
end of ad-hoc-announcement (c)DGAP 26.02.2004
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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
261905 Feb 04
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