Vodafone Group Plc VODAFONE CLOSES HYBRID SECURITIES OFFERING (9313A)
05 June 2021 - 12:34AM
UK Regulatory
TIDMVOD
RNS Number : 9313A
Vodafone Group Plc
04 June 2021
VODAFONE CLOSES US$2.45 BILLION HYBRID SECURITIES OFFERING
On 4 June 2021, Vodafone Group Plc ("Vodafone") closed a US$2.45
billion hybrid securities offering. The securities are due on 4
June 2081. Vodafone has applied to list the securities on the
Nasdaq Global Market.
Vodafone has generated net proceeds of U.S.$2,432,850,000 from
the sale of the hybrid securities. Vodafone intends to use these
net proceeds for general corporate purposes, which may include
funding repurchases of ordinary shares issued in connection with
the GBP1,720,000,000 1.50% Subordinated Mandatory Convertible Bonds
due 2022.
This announcement contains "forward-looking statements" within
the meaning of the US Private Securities Litigation Reform Act of
1995 with respect to the use of proceeds from Vodafone's
SEC-registered capital securities offering. By their nature,
forward-looking statements are inherently predictive, speculative
and involve risk and uncertainty because they relate to events and
depend on circumstances that will occur in the future. There are a
number of factors that could cause actual results and developments
to differ materially from those expressed or implied by these
forward-looking statements. A review of the reasons why actual
results and developments may differ materially from the
expectations disclosed or implied within forward-looking statements
can be found by referring to the information contained under the
heading "Principal risk factors and uncertainties" beginning on
page 62 of Vodafone's Annual Report on Form 20-F for the financial
year ended 31 March 2020, "Risk Factors" beginning on page 42 of
Vodafone's Half-Year Report for the six months ended 30 September
2020 and "Risk Factors" beginning on page 39 of Vodafone's
Preliminary Results for the financial year ended 31 March 2021. The
Half-Year Report and the Annual Report on Form 20-F can be found on
Vodafone's website (www.vodafone.com/investor). Except as otherwise
stated herein and as may be required to comply with applicable law
and regulations, Vodafone does not intend to update these
forward-looking statements and does not undertake any obligation to
do so.
Disclaimer
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may be restricted and accordingly it is the responsibility of any
person into whose possession the announcement comes to inform
themselves about and observe such restrictions.
This announcement does not constitute, or form part of, an offer
or any solicitation of an offer for securities in any
jurisdiction.
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