LONDON, Feb 19 (Reuters) - Vodafone said onWednesday shareholders would receive 0.026 shares in VerizonCommunications for each Vodafone share they own as partof their payout for the $130 billion sale of the group's stakein Verizon Wireless.
The British company also said its shares would beconsolidated on Feb. 24 at the ratio of 6 new shares for 11existing shares following the closure of the deal on Friday.
As an illustrative example, based on share prices andexchange rates at the close of business on Feb. 18, a Vodafoneinvestor would receive proceeds of 72 pence in Verizon sharesand 30 pence in cash for each share owned, the group said.