After acquiring the Vodafone Libertel shares tendered in the post-closing acceptance period, Vodafone will own a total of 306,783,156 Vodafone Libertel shares, representing approximately 98.2% of the total issued share capital of Vodafone Libertel. Payment of the Offer price of EUR 11.00 in respect of the Vodafone Libertel shares tendered and delivered in the post-closing acceptance period will be made on 11 April 2003.
As previously announced, as Vodafone owns more than 95% of the total issued share capital of Vodafone Libertel, excluding any shares that Vodafone Libertel owns, Vodafone intends to exercise its rights under Dutch law to initiate a squeeze-out procedure in order to acquire 100% of the shares in Vodafone Libertel.
Vodafone Libertela's shares are de-listed from the Official segment of Euronext Amsterdam N.V.'s stock market with effect from today.
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
Tel: +44 (0) 20 7774 1000
Lulu Bridges / 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.