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Pin to quick picksVodafone Share News (VOD)

Share Price Information for Vodafone (VOD)

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Share Price: 75.62
Bid: 75.58
Ask: 75.62
Change: 0.84 (1.12%)
Spread: 0.04 (0.053%)
Open: 74.90
High: 75.90
Low: 74.52
Prev. Close: 74.78
VOD Live PriceLast checked at -

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Vodafone invites bondholders to sell up to £300m of their bonds

Thu, 06th Dec 2018 08:00

(Sharecast News) - Vodafone Group announced an invitation to holders of the zero-coupon equity-linked bonds to offer to sell their bonds for cash on Thursday, at a purchase price to be determined pursuant to a modified Dutch auction procedure.The FTSE 100 telecoms giant said it was commencing the transaction as part of an opportunistic liability management exercise.It invited bondholders to offer to sell their bonds in an aggregate principal amount up to around £300m.The amount per £100,000 in aggregate principal amount of bonds which would be accepted for purchase would be determined by Vodafone, in its sole and absolute discretion and in accordance with the modified Dutch auction procedure.Vodafone said the Invitation was expected to close at 1630 GMT on 7 December, subject to the right of the company to close or extend the Invitation at any time.Settlement of the Invitation was expected to occur on 12 December.HSBC was acting as settlement agent in relation to the invitation, with bondholders asked to submit offers to sell bonds to HSBC only pursuant to the invitation."Bonds that are purchased pursuant to the Invitation will be delivered to Vodafone or a subsidiary of Vodafone and, as permitted by the terms and conditions of the bonds, may be held, resold or reissued at any time by Vodafone or, at the sole discretion of Vodafone, may be cancelled," the company said in its statement.
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13 Nov 2023 15:29

IN BRIEF: Zegona raises EUR300 million in placing for Vodafone deal

Zegona Communications PLC - London-based investor in European telecommunications, media and technology sector - Raises EUR300 million from share placing, with the funds to go towards Zegona's acquisition of the Spanish arm of Vodafone Group PLC at an enterprise value of EUR5 billion, including debt. Zegona places 174.4 million new shares at 150 pence each. It intends to raise EUR8 million more via a retail offer at the same price via the PrimaryBid platform. The placing shares will represent 99% of Zegona's share capital upon admission to trading.

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