Further re placing of bonds due 2020

RNS Number : 0288I

Vodafone Group Plc

04 December 2015

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA OR ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES OF THE SECURITIES WOULD BE PROHIBITED BY APPLICABLE LAW

4 December 2015

Determination of the initial conversion price of the

Vodafone non-dilutive zero coupon equity-linked bonds due 2020

As announced on 19 November 2015, Vodafone Group Plc ("Vodafone") placed £600 million non-dilutive zero coupon equity-linked bonds due 2020 (the "Bonds").

The initial conversion price for the Bonds will be £2.8970, which represents a premium of 30.0% above the Share Reference Price, which was determined (in the manner described in the 19 November 2015 announcement) to be £2.2285.

The initial Conversion Ratio per £100,000 principal amount of the Bonds is 34,518.46738 shares and, accordingly, the Dividend Thresholds, on a per Bond basis, for the Relevant Periods are as specified in the table below

Relevant Period	Dividend Threshold (£) (per Bond basis)
26 November 2015 to 1 March 2016	0
2 March 2016 to 15 July 2016	£2,761.4773904
16 July 2016 to 1 March 2017	£1,380.7386952
2 March 2017 to 15 July 2017	£2,761.4773904
16 July 2017 to 1 March 2018	£1,380.7386952
2 March 2018 to 15 July 2018	£2,761.4773904
16 July 2018 to 1 March 2019	£1,380.7386952
2 March 2019 to 15 July 2019	£2,761.4773904
16 July 2019 to 1 March 2020	£1,380.7386952
2 March 2020 to 15 July 2020	£2,761.4773904
16 July 2020 to Final Maturity Date	0

DISCLAIMER

The information contained in this announcement does not purport to be full or complete and is subject to change.

This announcement is not for publication or distribution, directly or indirectly, in or into the United States or to any U.S. person (as defined in Regulation S under the US Securities Act (as defined below)). The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes, should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This announcement does not constitute or form part of an offer to sell securities, or the solicitation of any offer to buy or subscribe for any securities, to or from any person in the United States, Australia, Canada, Japan (or to, or for the account or benefit of, any such person or any U.S. person) or in any other jurisdiction in which, or to or from any other person to or from whom, such offer or solicitation is unlawful. The securities referred to in this announcement have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons, absent registration or exemption from registration under the US Securities Act. Subject to certain exceptions, the securities referred to herein may not be offered or sold in Australia, Canada, Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan. There will be no public offer of the securities in the United States, Australia, Canada, Japan or any other jurisdiction.

CONTACTS

Investor Relations: Telephone [phone]

Media: www.vodafone.com/media/contact

 

END

 

 

MSCLIFIAFILSIIE