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Vodafone Group Plc - Tender Offer Results
VODAFONE ANNOUNCES FINAL RESULTS OF TENDER OFFERS
14 FEBRUARY 2023
Full announcement via London Stock Exchange.
"(Newbury, Berkshire - England) - February 14, 2023 - Vodafone Group Plc ("Vodafone" or the "Company") announced today the results of its previously announced three concurrent, but separate, offers to purchase for cash any and all of the outstanding series of notes listed in the table below (collectively, the "Notes"), which were made upon the terms of and subject to the conditions in the offers to purchase dated February 7, 2023 (the "Offer to Purchase") and the accompanying notice of guaranteed delivery (the "Notice of Guaranteed Delivery," and together with the Offer to Purchase, the "Tender Offer Documents"). The Company's obligation to complete an Offer with respect to a particular series of Notes was conditioned on the aggregate principal amount of the validly tendered and not validly withdrawn Notes, together with the aggregate principal amount of Notes of each series accepted for purchase with a higher Acceptance Priority Level, not exceeding $2.0 billion (the "Maximum Tender Acceptance Amount"), subject to the provisions set forth in the Offer to Purchase. The Company's obligation to complete an Offer with respect to a particular series of Notes was also conditioned on the New Financing Condition.
On February 10, 2023, the Company closed the offering of U.S.$700,000,000 5.625% Notes due February 2053 and U.S.$500,000,000 5.750% Notes due February 2063 (together, the "New Dollar Notes") and Vodafone International Financing DAC, an indirect wholly owned subsidiary of the Company, closed the offering of €500,000,000 4.000% Notes due February 2043 (the "New Euro Notes"). The proceeds of both offerings are expected to fund the Offers. As a result, the New Financing Condition has been satisfied with respect to each Offer."
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VODAFONE GROUP PUBLIC LIMITED COMPANY ANNOUNCES PRICING OF TENDER OFFERS
13 FEBRUARY 2023
Full announcement via London Stock Exchange.
"(Newbury, Berkshire - England) - February 13, 2023 - Vodafone Group Plc ("Vodafone" or the "Company") announced today the pricing of its previously announced three concurrent, but separate, offers to purchase for cash any and all of the outstanding series of notes listed in the table below (collectively, the "Notes") upon the terms of and subject to the conditions in the offers to purchase dated February 7, 2023 (the "Offer to Purchase") and the accompanying notice of guaranteed delivery (the "Notice of Guaranteed Delivery," and together with the Offer to Purchase, the "Tender Offer Documents"). The Company's obligation to complete an Offer with respect to a particular series of Notes is conditioned on the aggregate principal amount of the validly tendered and not validly withdrawn Notes, together with the aggregate principal amount of Notes of any series accepted for purchase with a higher Acceptance Priority Level, not exceeding $2.0 billion (the "Maximum Tender Acceptance Amount"), subject to the provisions set forth in the Offer to Purchase.
The offers to purchase with respect to each series of Notes are referred to herein as the "Offers" and each, an "Offer." Capitalised terms not otherwise defined in this announcement have the same meaning as assigned to them in the Offer to Purchase.
Upon the terms and subject to the conditions set forth in the Tender Offer Documents, the Purchase Price Consideration (as defined in the Offer to Purchase) for each series of Notes is set forth in the following table:"
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"On February 10, 2023, the Company closed the offering of U.S.$700,000,000 5.625% Notes due February 2053 and U.S.$500,000,000 5.750% Notes due February 2063 (together, the "New Dollar Notes") and Vodafone International Financing DAC, an indirect wholly owned subsidiary of the Company, closed the offering of €500,000,000 4.000% Notes due February 2043 (the "New Euro Notes"). The proceeds of both offerings are expected to fund the Offers."
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VODAFONE GROUP PUBLIC LIMITED COMPANY LAUNCHES ANY AND ALL CASH TENDER OFFERS
07 FEBRUARY 2023
Full announcement via London Stock Exchange.
(Newbury, Berkshire - England) - February 7, 2023 - Vodafone Group Plc ("Vodafone" or the "Company") announces the launch of three concurrent, but separate, offers to purchase for cash any and all of the outstanding series of notes listed in the table below (collectively, the "Notes") upon the terms of and subject to the conditions in the offers to purchase dated February 7, 2023 (the "Offer to Purchase") and the accompanying notice of guaranteed delivery (the "Notice of Guaranteed Delivery," and together with the Offer to Purchase, the "Tender Offer Documents"). The Company's obligation to complete an Offer with respect to a particular series of Notes is conditioned on the aggregate principal amount of the validly tendered and not validly withdrawn Notes, together with the aggregate principal amount of Notes of each series accepted for purchase with a higher Acceptance Priority Level, not exceeding $2.0 billion (the "Maximum Tender Acceptance Amount"), subject to the provisions herein.
The offers to purchase with respect to each series of Notes are referred to herein as the "Offers" and each, an "Offer." Capitalised terms not otherwise defined in this announcement have the same meaning as assigned to them in the Offer to Purchase."
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"Purpose of the Offers
The Offers and the issuance of the New Notes (as defined in the Offer to Purchase) are being undertaken to proactively manage the Company's outstanding debt portfolio."
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**PREVIOUS OFFER FOR VODAFONE DETAILED BELOW**
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VODAFONE GROUP PUBLIC LIMITED COMPANY ANNOUNCES FINAL RESULTS OF CASH TENDER OFFER FOR UP TO $2,300,000,000 IN AGGREGATE PRINCIPAL AMOUNT OF ITS 4.375% NOTES DUE MAY 2028
Full announcement via London Stock Exchange.
29 December 2022
"The Offer expired at 5:00 p.m., New York City time, on December 28, 2022 (the "Expiration Time"). According to information provided by the Information and Tender Agent for the Offer, $2,099,496,000 aggregate principal amount of the Notes were validly tendered. This includes (i) $2,098,846,000 in aggregate principal amount of the Notes that were validly tendered and not validly withdrawn pursuant to the Offer at or prior to 11:59 p.m., New York City time, on December 12, 2022 (the "Early Tender Time"), and (ii) an additional $650,000 in aggregate principal amount of the Notes, validly tendered and not validly withdrawn after the Early Tender Time but at or prior to the Expiration Time. Subject to the satisfaction or waiver of the conditions to the Offer (as described in "Description of the Offer - Conditions to the Offer" in the Offer to Purchase), in the sole and absolute discretion of the Company, the Company will accept for purchase, and pay for, all of the Notes that were validly tendered and not validly withdrawn after the Early Tender Time but at or prior to the Expiration Time; such payment is expected to be made on December 30, 2022 (the "Final Settlement Date"). All Notes validly tendered and not validly withdrawn at or prior to the Early Tender Time and accepted for purchase were paid in full by the Company on December 14, 2022 (the "Early Settlement Date").
Capitalized terms not otherwise defined in this announcement have the same meaning as assigned to them in the Offer to Purchase.
The following table sets forth the aggregate principal amount of Notes validly tendered and not validly withdrawn in the Offer at or prior to the Expiration Time, as reported by the Information and Tender Agent:
Holders of Notes who validly tendered Notes after the Early Tender Time but at or prior to the Expiration Time in the manner described in the Offer to Purchase are not eligible to receive the Early Tender Premium and therefore will only receive the Purchase Price Consideration, plus accrued and unpaid interest on such Notes to, but not including, the Final Settlement Date. Interest will cease to accrue on the Final Settlement Date for all such Notes accepted."
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VODAFONE GROUP PUBLIC LIMITED COMPANY ANNOUNCES EARLY RESULTS OF CASH TENDER OFFER FOR UP TO $2,300,000,000 IN AGGREGATE PRINCIPAL AMOUNT OF ITS 4.375% NOTES DUE MAY 2028
Full announcement via London Stock Exchange.
13 December 2022
"According to information provided by the Information and Tender Agent for the Offer, $2,098,846,000 aggregate principal amount of the Notes were validly tendered and not validly withdrawn at or prior to the Early Tender Time. Subject to the satisfaction or waiver of the conditions to the Offer (as described in "Description of the Offer - Conditions to the Offer" in the Offer to Purchase), in the sole and absolute discretion of the Company, the Company will accept for purchase, and pay for, all of the validly tendered and not validly withdrawn Notes; such payment is expected to be made on December 14, 2022."
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VODAFONE GROUP PUBLIC LIMITED COMPANY LAUNCHES CASH TENDER OFFER FOR UP TO $2,300,000,000 IN AGGREGATE PRINCIPAL AMOUNT OF ITS 4.375% NOTES DUE MAY 2028
Full announcement via Investegate.
"November 29, 2022 - Vodafone Group Plc ("Vodafone" or the "Company") announces the launch of its offer to purchase for cash (the "Offer") up to $2,300,000,000 in aggregate principal amount (the "Aggregate Offer Limit") of its outstanding 4.375% Notes due May 2028 (the "Notes") upon the terms of, and subject to the conditions set forth in, the offer to purchase dated November 29, 2022 (the "Offer to Purchase"), including the successful completion by the Company of the New Financing Condition (as defined below).
Purpose of the Offer
The Offer and issuance of the New Notes (as defined below) are being undertaken to optimize and extend the average maturity of the Company's debt."
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