Business
EARLY RESULTS OF CASH TENDER OFFERS ANNOUNCED
EARLY RESULTS OF CASH TENDER OFFERS ANNOUNCED.
About this update from Vodafone Group Public Limited Company
[{"type":"text","content":"\n\n \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON RESIDENT AND/OR LOCATED IN, ANY JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION IS UNLAWFUL\nTHIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF UK MAR\n\n\n\n\n15 July 2025\n\n\nVODAFONE GROUP PUBLIC LIMITED COMPANY ANNOUNCES EARLY RESULTS OF ITS CASH TENDER OFFERS OF CERTAIN U.S. DOLLAR AND STERLING DENOMINATED NOTES DUE 2043 TO 2059\n\n\n\n\n\n(Newbury, Berkshire - England) - July 15, 2025 - Vodafone Group Plc (\"Vodafone\" or the \"Company\") announces the early results of its previously announced offers to purchase for cash in concurrent, but separate, offers for the outstanding series of notes listed in the table below (the \"Notes\"), upon the terms of, and subject to the conditions set out in, the offer to purchase dated June 30, 2025 (the \"Offer to Purchase\"). As previously announced, the Company increased the Maximum Tender Amount from an aggregate purchase price (excluding Accrued Interest) of up to €2,000,000,000 equivalent to an aggregate purchase price (excluding Accrued Interest) of up to €2,500,000,000 equivalent. The Company also announces an extension of the period over which Holders may tender their Notes and be eligible to receive the Early Tender Premium through to the Expiration Date, as detailed below.\nThe Notes denominated in U.S. Dollars are referred to herein as \"Dollar Notes,\" and the Notes denominated in Sterling are referred to herein as \"Sterling Notes.\" Capitalised terms not otherwise defined in this announcement have the same meaning as assigned to them in the Offer to Purchase.\nOn July 3, 2025, the Company closed the offering of £500,000,000 Notes due 2050 (the \"New Sterling Notes\"). Concurrently, VIFD, an indirect wholly owned subsidiary of the Company, closed the offering of €800,000,000 Notes due 2029, €600,000,000 Notes due 2033 and €500,000,000 Notes due 2038 to be wholly and unconditionally and irrevocably guaranteed by the Company (the \"New Euro Notes\" and, together with the New Sterling Notes, the \"New Notes\"). The proceeds from the issuance of the New Notes, together with existing cash balances, are expected to fund the Offers. As a result, the Financing Condition has been s...