Transaction in Own Shares

RNS Number : 4589V

Vodafone Group Plc

03 November 2017

 

3 November 2017

Vodafone Group Plc ('Vodafone')

ISIN Code: GB00BH4HKS39

Transaction in Own Shares

On 5 October 2017, Vodafone purchased the following number of its ordinary shares of 0.20^20/21 US cents on Exchange (as defined in the Rules of the London Stock Exchange) from J.P. Morgan Securities plc as part of its buy-back programme announced on 31 August 2017 (the 'Programme').

As required under the Market Abuse Regulation ('MAR') Vodafone reported these purchases to each competent authority which Vodafone is required to report to under MAR. This information should have also been disclosed publicly by 6 October 2017, however this disclosure was inadvertently not made. For completeness, the information on the purchases made on 5 October 2017 is set out below. This announcement does not affect any of the other announcements made by Vodafone in connection with the Programme which remain correct.

The sole purpose of the Programme is to reduce the issued share capital of Vodafone to avoid an increase in the issued share capital as a result of the maturing of the first tranche of a two-tranche mandatory convertible bond ('MCB') issued by Vodafone in February 2016. As announced on 19 February 2016, when the MCB was issued Vodafone also entered into an accompanying option structure.

Date of purchase:	5 October 2017
Number of ordinary shares of 2020/21 US cents each purchased:	17,047,628
Highest price paid per share (pence):	212.0000
Lowest price paid per share (pence):	208.8000
Volume weighted average price paid per share (pence):	210.0085

Vodafone holds the purchased shares in treasury. Following the settlement of the purchased shares, Vodafone held 1,743,843,040 of its ordinary shares in treasury and had 27,070,846,128 ordinary shares in issue (excluding treasury shares).¹

As part of the Programme, J.P. Morgan (JPMSGB2L) may elect to purchase Vodafone ordinary shares and sell such shares to Vodafone and/or sell to Vodafone ordinary shares it already holds at the start of the Programme as a result of its role in the accompany option structure entered into by Vodafone when the MCB was issued. In connection with the above purchases, on 5 October 2017 J.P. Morgan (as principal) elected to:

·      sell 6,627,881 Vodafone ordinary shares it held at the start of the Programme to Vodafone. Vodafone purchased such shares at 210.0085 pence per share as one transaction at 17:13 (BST) on the London Stock Exchange (transaction reference: 2380323343442669594-20171005); and

·      purchase 10,419,747 Vodafone ordinary shares to sell to Vodafone. A schedule of individual trades carried out by J.P. Morgan on 5 October 2017 is set out below. Such ordinary shares were sold to Vodafone as one transaction at 17:12 (BST) on the London Stock Exchange at the volume weighted average price paid per share by J.P. Morgan for such shares which is set out below (transaction reference: below).

Schedule of purchases - aggregate information

Trading venue	Volume weighted average price (pence per share)	Aggregated volume
LSE	210.0085	6,627,881
LSE	210.0085	10,419,747

Schedule of purchases - individual transactions

To view the schedule of purchases, please paste the following URL into the address bar of your browser.

http://www.rns-pdf.londonstockexchange.com/rns/4589V_-2017-11-2.pdf

This announcement will also be available on Vodafone's website at:  http://www.vodafone.com/content/index/investors/investor_information/press_regulatory/uk_regulatory.html

Enquiries to:

Investor relations: Telephone [phone]

Media: www.vodafone.com/media/contact

 

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1 Excluding shares transferred out of treasury to satisfy employee share plan obligations.

 

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