Further re Bond Offer

RNS Number : 7332I

Vodafone Group Plc

27 July 2012

 



NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA (the United States).

This announcement does not constitute an offer to purchase any securities in any jurisdiction. The distribution of this announcement in certain jurisdictions may be restricted by law. Persons into whose possession this announcement comes are required by each of Vodafone, the Dealer Managers and the Offer Agent to inform themselves about, and to observe, any such restrictions.

Vodafone Europe B.V. ("Vodafone") announces Offer Purchase Price, Purchase Price and satisfaction of Scheme Condition in relation to its Convertible Bond Offer to the holders of all of the outstanding Cable & Wireless Worldwide plc ("CWW") £230,000,000 5.75 per cent. Convertible Bonds due 2014 convertible into ordinary shares of CWW (ISIN: XS0468712863) (the "Convertible Bonds")

27 July 2012

On 21 May 2012, Vodafone announced an offer to holders of the Convertible Bonds to purchase their Convertible Bonds for cash (the "Convertible Bond Offer"). The Convertible Bond Offer was made on the terms and subject to the conditions and restrictions (including offer and distribution restrictions) set out in the Convertible Bond Offer document dated 21 May 2012 (the "Convertible Bond Offer Memorandum").

The Expiration Date in respect of the Convertible Bond Offer was 5.00 p.m. London time on Friday, 15 June 2012.

Vodafone hereby announces the final pricing details of the Convertible Bond Offer as determined at or around 2.00 p.m. London time today, as follows:

Aggregate principal amount of Convertible Bonds for which valid Acceptance Instructions have been received	Benchmark Gilt	Offer Spread	Offer Purchase Yield (%)	Offer Purchase Price (%)	Purchase Price (%)
£222,900,000	5 per cent. UK Treasury Gilt due 2014 (ISIN: GB0031829509)	190 basis points	1.995	108.363	108.363

Vodafone confirms that the Scheme Condition was satisfied on 27 July 2012.

The Purchase Price and the Accrued Interest Payment in respect of a Convertible Bond in respect of which valid Acceptance Instructions were received will be paid on the Settlement Date. Settlement is expected to occur on 10 August 2012.

Capitalised terms used in this announcement and not otherwise defined have the meanings ascribed to them in the Convertible Bond Offer Memorandum.

Further Information

A complete description of the terms and conditions of the Convertible Bond Offer is set out in the Convertible Bond Offer Memorandum. BNP Paribas and UBS Limited are the Dealer Managers for the Convertible Bond Offer.

Requests for information in relation to the Convertible Bond Offer should be directed to:

DEALER MANAGERS

BNP Paribas 16, boulevard des Italiens 75009 Paris France Telephone: [phone] Attention: Liability Management Desk Email: [e-mail] UBS Limited 100 Liverpool Street London EC2M 2RH United Kingdom Telephone: [phone] Attention: Liability Management Group Email: [e-mail]

THE OFFER AGENT

Lucid Issuer Services Limited
Leroy House
436 Essex Road
London N1 3QP
United Kingdom
Tel: [phone]
Attention: Paul Kamminga
Email: [e-mail]

None of the Dealer Managers or the Offer Agent accept any responsibility for the contents of this announcement. This announcement must be read in conjunction with the Convertible Bond Offer Memorandum. No offer to acquire any Convertible Bonds is being made pursuant to this announcement.

 

END

 

 

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