Further re Bond Offer

RNS Number : 6359F

Vodafone Group Plc

19 June 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).

19 June 2012

PRELIMINARY RESULTS OF OFFER IN RESPECT OF THE CABLE & WIRELESS WORLDWIDE PLC ("CWW") £230,000,000 5.75 PER CENT. CONVERTIBLE BONDS DUE 2014 (THE "BONDS") CONVERTIBLE INTO ORDINARY SHARES OF CWW (ISIN: XS0468712863)

On 21 May 2012 Vodafone Europe B.V. (the "Company") made an offer to holders of the outstanding Bonds to purchase their Bonds for cash (the "Offer") pursuant to Rule 15 of the Takeover Code in relation to the Recommended Cash Offer for CWW by the Company.

The Expiration Deadline in respect of the Offer was 17:00 hours (GMT), 15 June 2012. The Company today announces the preliminary results of the Offer for the Bonds. Pursuant to the Offer, valid instructions in respect of £222.9 million in aggregate principal amount of Bonds were received, constituting 96.91% in aggregate principal amount of the Bonds outstanding. Settlement of the Offer is conditional upon the Scheme Condition being satisfied.

On 18 June 2012 CWW announced that the Scheme of Arrangement was approved by the CWW shareholders at the Court Meeting and the General Meeting.

- ends -

For further information:

Vodafone Group

Investor Relations	Media Relations
Tel:  [phone]	Tel:  [phone]

UBS Limited (financial adviser to Vodafone and Vodafone Group Plc)

Tel:  [phone]

Simon Warshaw / Jonathan Rowley / Christian Lesueur

A copy of this announcement will be made available free of charge (subject to any applicable restrictions with respect to persons resident in Restricted Jurisdictions) on www.vodafone.com/investor and www.cw.com/investors/ by no later than noon (London time) on the day following this announcement.

You may request a hard copy of this announcement by contacting Vodafone Group Investor Relations on Tel: [phone] or by submitting a request in writing to the following address: Vodafone Group Investor Relations, One Kingdom Street, London W2 6BY, United Kingdom. You may also request that all future documents, announcements and information to be sent to you in relation to the Offer should be in hard copy form.

UBS Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively as sole financial adviser to Vodafone and Vodafone Group Plc and no one else in connection with the Offer and this announcement and will not be responsible to anyone other than Vodafone and Vodafone Group Plc for providing the protections afforded to clients of UBS or for providing advice in connection with the Offer or any matter or arrangement referred to herein.

This announcement does not constitute an offer to purchase any securities, or an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any offer to purchase or sell securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

The release, publication or distribution of this announcement in certain jurisdictions may be restricted by law. Persons who are not resident in the United Kingdom or who are subject to other jurisdictions should inform themselves of, and observe, any applicable requirements.

 

END

 

 

FUREAAKPFSSAEAF