14th Jun 2006 12:00
Vodafone Group Plc14 June 2006 14 June 2006 PROPOSED RETURN OF CAPITAL On 30 May 2006, Vodafone announced a special distribution of approximately £9 billion (the "Return of Capital"). This equates to 15 pence per ordinary share. Subject to shareholder approval at an Extraordinary General Meeting to be heldon 25 July 2006, the method of distribution will be in the form of a B sharearrangement which will give certain shareholders a choice as to when and in whatform they receive their proceeds from the Return of Capital. Vodafone announces today that it has commenced mailing the circular toshareholders, containing full details of the B share arrangement and the shareconsolidation. As part of the Return of Capital there will be a shareconsolidation, whereby ordinary shareholders will receive 7 new ordinary sharesand 8 B shares of 15p each in place of every 8 existing shares they own on therecord date, 28 July 2006*. The share consolidation is expected to take effecton 31 July 2006. The intention of the share consolidation is to try to makesure that the market price of each new share and new ADR immediately after theshare consolidation will be approximately the same as the market price of eachexisting share and existing ADR immediately before the share consolidation. It is anticipated that the proceeds from the Return of Capital will bedespatched to holders of ordinary shares on 11 August 2006 and to holders ofADRs on or shortly after 16 August 2006. - ends- For further information: Vodafone GroupInvestor Relations Media RelationsTel: +44 (0) 1635 664447 Tel: +44 (0) 1635 664444 Important Information: Vodafone filed a Tender Offer Statement on Schedule TO (the "Schedule TO") dated13 June 2006 containing the Circular, the Election Form and other relateddocumentation with the Securities and Exchange Commission (the "SEC"). Freecopies of the Schedule TO and the other related documents filed by Vodafone inconnection with the Return of Capital will be available from the date of thisannouncement from the SEC's website at www.sec.gov. * Holders of American Depositary Receipts ("ADR") of Vodafone (which comprise 10existing ordinary shares) will receive 7 new ADRs and 80 B shares for every 8ADRs they hold on the record date as part of the Return of Capital. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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