Information  X 
Enter a valid email address

Vodafone Group Plc (VOD)

  Print          Annual reports

Monday 02 February, 2004

Vodafone Group Plc

Re Offer for Vodafone-Panafon

Vodafone Group Plc
02 February 2004


2 February 2004

For Immediate Release - Not for release or distribution in the United States of
America, Canada, Australia or Japan


           VODAFONE HAS SETTLED ITS PUBLIC OFFER FOR VODAFONE-PANAFON
        VODAFONE TO CONTINUE MARKET PURCHASES IN VODAFONE-PANAFON SHARES


Further to the announcement of Vodafone Group Plc ('Vodafone') on 26 January
2004 relating to the outcome of its public offer for the remaining outstanding
shares which it did not already hold directly or indirectly as at 1 December
2003 (the 'Shares') in Vodafone- Panafon Hellenic Telecommunications Company
S.A. ('Panafon') (the 'Offer'), Vodafone today announces that it has now settled
the 40,220,500 Shares acquired in the Offer for a total consideration of
approximately EUR 249 million. Vodafone now holds directly and indirectly a
total of 533,684,215 shares in Panafon, representing 98.228% of Panafon's share
and voting capital.

Vodafone intends to continue to make market purchases of Shares on the Athens
Exchange at a price per Share of EUR 6.18 for a short period from 3 February
2004.

                                    - ends -

For further information:

Vodafone Group
Tim Brown, Group Corporate Affairs Director
Tel: +44 (0) 1635 673310

Investor Relations
Melissa Stimpson
Darren Jones
Tel: +44 (0) 1635 673310

Media Relations
Bobby Leach
Ben Padovan
Tel: +44 (0) 1635 673310

Goldman Sachs International
Simon Dingemans
Tel: +44 (0) 20 7774 1000


The Offer was not made, directly or indirectly, in or into the United States,
Canada, Australia or Japan (each an 'Excluded Territory'), and copies of the
information circular, this announcement and any related materials thereto were
not and may not be sent or otherwise distributed in or into any Excluded
Territory or sent by any means or instrumentality of interstate or foreign
commerce of any Excluded Territory and the Offer was not accepted by any such
use, means or instrumentality, in or from within any Excluded Territory.

Goldman Sachs International acted as financial adviser for Vodafone Group Plc 
and no one else in connection with the Offer and will not be responsible to 
anyone other than Vodafone Group Plc for providing the protections afforded to 
clients of Goldman Sachs International or for providing advice in relation 
to the Offer.


This announcement has been issued by Vodafone Group Plc and is the sole 
responsibility of Vodafone Group Plc and has been approved solely for the 
purposes of Section 21 of the Financial Services and Markets Act 2000 by 
Goldman Sachs International.



                      This information is provided by RNS
            The company news service from the London Stock Exchange
                                                                        

a d v e r t i s e m e n t