Less Ads, More Data, More Tools Register for FREE

Pin to quick picksVodafone Regulatory News (VOD)

Share Price Information for Vodafone (VOD)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 69.70
Bid: 69.70
Ask: 69.74
Change: 0.74 (1.07%)
Spread: 0.04 (0.057%)
Open: 69.20
High: 70.16
Low: 69.18
Prev. Close: 68.96
VOD Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Vantage Towers: Nomination of Independent Chairman

5 Oct 2020 07:00

RNS Number : 0256B
Vodafone Group Plc
05 October 2020
 

 

5 October 2020

 

Vodafone Group Plc  Vantage Towers

 

NOMINATION OF RÜDIGER GRUBE AS INDEPENDENT CHAIRMAN OF THE SUPERVISORY BOARD

 

Vantage Towers, Europe's leading tower infrastructure operator, today announces the nomination of Rüdiger Grube as independent Chairman of the Supervisory Board, in preparation for its IPO in early 2021. Dr. Grube will join the Supervisory Board and become Chairman upon formal election and nomination, in advance of the IPO.

 

Vantage Towers will be Europe's largest and most geographically diversified tower infrastructure company, with over 68,000 sites across nine markets. It will have a controlling interest in eight markets - Germany, Spain, Greece, Portugal, Czech Republic, Romania, Hungary and Ireland - and co-control of INWIT (33.2% equity stake) in Italy, with the potential to include Vodafone Group Plc's ("Vodafone") 50% equity stake in Cornerstone Telecommunications Infrastructure Limited (UK), which it co-controls with Telefonica.

 

Rüdiger Grube brings over 30 years of international executive and non-executive Board experience. He previously had a long career at Daimler across a variety of roles, was CEO of Deutsche Bahn, and was Chairman and non-executive Director of Airbus. Dr. Grube is currently Chairman of the Supervisory Board of Vossloh and Chairman of the Supervisory Board of Hamburger Hafen und Logistik. He is excited to be nominated as Chairman of the Supervisory Board of Vantage Towers, and is committed to dedicating appropriate time and focus to this role.

 

Dr. Grube is recognised for his deep experience in capital-intensive infrastructure and service based industries, his extensive business and political engagements in Europe, and his track record in significant stakeholder relationship management.

 

Vodafone is committed to strong corporate governance at Vantage Towers and assembling an experienced Supervisory Board - with appropriate independent representation, including an independent Chairman - are important steps in this process. Further independent members of the Vantage Towers Supervisory Board will be announced in due course, ensuring the Supervisory Board is in place well ahead of IPO.

 

Nick Read, Vodafone Chief Executive, commented: "I am delighted that Rüdiger Grube has agreed to become the independent Chairman of the Supervisory Board of Vantage Towers, where his significant international executive and non-executive experience will be a valuable asset to the business. This milestone represents a further important step in our creation of Europe's leading tower infrastructure company as we prepare Vantage Towers for an IPO in early 2021 and unlock value for our shareholders."

 

Vivek Badrinath, Vantage Towers Chief Executive, commented: "I am very pleased that Rüdiger Grube has been nominated to chair the Supervisory Board. I look forward to working with him and the wider Supervisory Board to drive our strategy to enable Europe's digital transformation and to benefit from the attractive long-term trends delivering growth and value opportunities across each of our markets."

 

Rüdiger Grube commented: "I am excited to be nominated the independent Chairman of the Supervisory Board of Vantage Towers, a market leading business with excellent prospects from being one of Europe's leading digital enablers. I am looking forward to working with Vivek and his team to deliver both a successful IPO and to capture the structural growth opportunities from mobile coverage obligations and increasing end-user demand for data."

 

- ends -

 

For more information, please contact:

Investor Relations Media Relations

Investors.vodafone.com Vodafone.com/media/contact

ir@vodafone.co.uk GroupMedia@vodafone.com

 

Registered Office: Vodafone House, The Connection, Newbury, Berkshire RG14 2FN, England. Registered in England No. 1833679

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
STRUPGRUUUPUGBC
Date   Source Headline
12th Aug 202211:19 amRNSDirector/PDMR Shareholding
12th Aug 202210:41 amRNSDirector/PDMR Shareholding
11th Aug 20226:25 pmRNSTransaction in Own Shares
10th Aug 20226:07 pmRNSTransaction in Own Shares
9th Aug 20226:12 pmRNSTransaction in Own Shares
9th Aug 20229:27 amRNSDirector/PDMR Shareholding
8th Aug 20225:49 pmRNSTransaction in Own Shares
5th Aug 20226:05 pmRNSTransaction in Own Shares
4th Aug 20225:41 pmRNSTransaction in Own Shares
3rd Aug 20226:09 pmRNSTransaction in Own Shares
2nd Aug 20226:06 pmRNSTransaction in Own Shares
1st Aug 20226:09 pmRNSTransaction in Own Shares
1st Aug 20229:00 amRNSBlock listing Interim Review
1st Aug 20229:00 amRNSTotal Voting Rights
29th Jul 20226:15 pmRNSTransaction in Own Shares
28th Jul 20226:21 pmRNSTransaction in Own Shares
28th Jul 20227:00 amRNSDirector/PDMR Shareholding
27th Jul 20225:46 pmRNSTransaction in Own Shares
26th Jul 20226:09 pmRNSTransaction in Own Shares
26th Jul 202212:06 pmRNSResults of Annual General Meeting
25th Jul 20226:02 pmRNSTransaction in Own Shares
25th Jul 20227:00 amRNSVodafone Q1 FY23 Trading Update
22nd Jul 20226:18 pmRNSTransaction in Own Shares
21st Jul 20226:18 pmRNSTransaction in Own Shares
20th Jul 20226:10 pmRNSTransaction in Own Shares
20th Jul 20227:00 amRNSTransaction in Own Shares
18th Jul 20226:15 pmRNSTransaction in Own Shares
15th Jul 20226:15 pmRNSTransaction in Own Shares
14th Jul 20225:58 pmRNSTransaction in Own Shares
13th Jul 20226:17 pmRNSTransaction in Own Shares
13th Jul 20227:00 amRNSTransaction in Own Shares
12th Jul 20227:00 amRNSTransaction in Own Shares
11th Jul 20221:44 pmRNSDirector/PDMR Shareholding
8th Jul 20226:29 pmRNSTransaction in Own Shares
7th Jul 20226:25 pmRNSTransaction in Own Shares
6th Jul 20226:02 pmRNSTransaction in Own Shares
5th Jul 20225:58 pmRNSTransaction in Own Shares
4th Jul 20226:17 pmRNSTransaction in Own Shares
1st Jul 20226:11 pmRNSTransaction in Own Shares
1st Jul 20229:00 amRNSTotal Voting Rights
30th Jun 20226:11 pmRNSTransaction in Own Shares
30th Jun 20227:00 amRNSTransaction in Own Shares
28th Jun 20225:51 pmRNSTransaction in Own Shares
28th Jun 20221:06 pmRNSDirector/PDMR Shareholding
27th Jun 20226:12 pmRNSTransaction in Own Shares
27th Jun 20227:00 amRNSTransaction in Own Shares
23rd Jun 20225:59 pmRNSTransaction in Own Shares
22nd Jun 20226:06 pmRNSTransaction in Own Shares
21st Jun 20226:23 pmRNSTransaction in Own Shares
21st Jun 20227:00 amRNSMajor Shareholding Notification

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.