21st Feb 2014 07:00
21 February 2014
VERIZON COMMUNICATIONS INC.
APPLICATION FOR ADMISSION TO LISTING ON THE STANDARD SEGMENT OF THE OFFICIAL LIST AND TO TRADING ON THE MAIN MARKET OF THE LONDON STOCK EXCHANGE
On September 2, 2013, Verizon Communications Inc. ("Verizon") entered into a stock purchase agreement (as amended, the "SPA") with Vodafone Group Plc ("Vodafone") and Vodafone 4 Limited, a wholly owned subsidiary of Vodafone. Pursuant to the SPA, Verizon agreed to acquire Vodafone's U.S. group, whose principal asset is its 45% interest in Cellco Partnership d/b/a Verizon Wireless, in exchange for transaction consideration of approximately $130 billion (the "Transaction"), including the issuance of up to approximately 1.28 billion new shares of Verizon common stock.
Following the approval of the Transaction by shareholders of both Verizon and Vodafone on January 28, 2014, Verizon today announces that application has been made for 1,274,764,121 shares of Verizon common stock, par value $0.10 per share, to be admitted to the standard segment of the Official List and to trading on the Main Market for listed securities of the London Stock Exchange, which is expected to take place at 8.00 a.m. on 24 February 2014.
Related Shares:
VZC.L