Offer For Europolitan
Vodafone Group Plc
25 March 2003
25 March 2003
OUTCOME OF VODAFONE'S OFFER FOR EUROPOLITAN
VODAFONE INCREASES SHAREHOLDING TO 99.1%
Vodafone Group Plc ('Vodafone') today announces the outcome of its recommended
public offer for the outstanding shares in Europolitan Vodafone AB (publ)
('Europolitan') that it did not already own (the 'Offer'). The acceptance
period for the Offer ended on 21 March 2003.
• Vodafone now owns a total of 406,528,886 Europolitan shares,
representing approximately 99.1% of Europolitan's share and voting capital on
an undiluted basis.
• On 13 January 2003, the day on which Vodafone announced that it was in
discussions with the Board of Europolitan regarding a possible offer,
Vodafone owned 306,167,966 Europolitan shares, representing approximately
74.6% of Europolitan's share and voting capital on an undiluted basis.
• Vodafone acquired 29,628,764 Europolitan shares in the Offer,
representing approximately 7.2% of Europolitan's share and voting capital on
an undiluted basis, for a total consideration of approximately SEK 1,393
million.
• Vodafone has purchased 70,732,156 Europolitan shares in the market since
5 February 2003. The market purchases, which represent approximately 17.3% of
Europolitan's share and voting capital on an undiluted basis, were effected
at a price of SEK 47.00 per Europolitan share, for a total consideration of
approximately SEK 3,324 million.
As previously announced, Vodafone now intends to implement compulsory
acquisition procedures to acquire 100% of the shares in Europolitan. The Board
of Europolitan has applied for the de-listing of Europolitan shares from the
O-list, Attract 40, of the Stockholm Exchange (Stockholmsborsen). The last
trading day for Europolitan shares will be 28 March 2003.
For further information contact:
Vodafone Group Plc
Tim Brown, Group Corporate Affairs Director
Melissa Stimpson, Director of Group Investor Relations
Bobby Leach, Head of Group Financial Media Relations
Darren Jones, Senior Investor Relations Manager
Tel: +44 (0) 1635 673310
Goldman Sachs International
Simon Dingemans
Tel: +44 (0) 20 7774 1000
Enskilda Securities
Martin Brandt
Tel: +46 (8) 52 22 95 00
Tavistock Communications
John West/Justin Griffiths
Tel: +44 (0) 20 7600 2288
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.
- ends -
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