Vodafone concludes multi-currency tender offers

LONDON - Vodafone Group (LON:VOD) Plc has announced the final outcomes of its multi-currency tender offers initiated earlier this month. The offers, which invited holders of specific outstanding notes to tender them for purchase by the company for cash, concluded with varying acceptance rates across different note series, as detailed in the company's press release dated February 14, 2025.

The tendering process, which was first announced on February 5, 2025, reached its expiration deadline on February 13, 2025, at 4.00 p.m. London time. Vodafone (NASDAQ:VOD) has agreed to accept the tendered notes as specified in the table included in the press release, with the settlement expected to occur on February 18, 2025.

The series of notes included in the tender offers ranged in currency denomination and maturity dates, with the principal amounts tendered and the respective purchase prices varying for each series. Notably, the EUR 1,750,000,000 2.200 per cent. Notes due August 25, 2026, saw EUR 268,607,000 tendered, and the GBP 250,000,000 5.625 per cent. Notes due December 4, 2025, had GBP 98,912,000 tendered. After the settlement date, the aggregate principal amounts of each series that will remain outstanding have been provided, indicating the extent to which the offers have been accepted by note holders.

The tender offers were managed by several financial institutions, including Barclays (LON:BARC) Bank PLC and Merrill Lynch International for all notes except the CHF Notes, and UBS AG for the CHF Notes. Kroll Issuer Services Limited served as the lead tender and information agent, with UBS AG also acting as the Swiss tender agent.

The press release makes clear that this announcement is related to information that may have been considered inside information under the Market Abuse Regulation as part of UK law following the European Union (Withdrawal) Act 2018.

This news is based on a press release statement and does not constitute an offer to sell or a solicitation of an offer to buy any securities. The distribution of this announcement and the Tender Offer Memorandum may be restricted by law in certain jurisdictions, and it is the responsibility of the recipients to be aware of and comply with any such restrictions.

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