UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULES 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
Dated
May 14, 2024
Commission
File Number: 001-10086
VODAFONE GROUP
PUBLIC LIMITED COMPANY
(Translation
of registrant’s name into English)
VODAFONE
HOUSE, THE CONNECTION, NEWBURY, BERKSHIRE, RG14 2FN,
ENGLAND
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form
20-F ✓
Form 40-F _
This
Report on Form 6-K contains a Stock Exchange Announcement dated 14
May 2024 entitled ‘Spain sale approved, EUR2bn share buyback
to begin.’
14 May 2024
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Spain sale approved, €2bn share buyback to begin
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Vodafone Group Plc ("Vodafone") announces today that the sale of
Vodafone Spain to Zegona Communications plc
("Zegona")1 has
received final approval from the Spanish authorities. The sale is
expected to complete at the end of May 2024, at which point
Vodafone will receive €4.1 billion in cash (subject to
customary closing adjustments) and €0.9 billion in the form
of Redeemable Preference Shares.
As a result, Vodafone now intends to commence an initial €500
million share buyback programme on 15 May 2024, as part of our
plans to return €2.0 billion over 12 months.
Notes
1. The
selling entity is Vodafone Europe B.V. which is a 100% owned
subsidiary of Vodafone Group Plc. The buying entity is Zegona
Bidco, S.L.U. which is a 100% owned subsidiary of Zegona
Communications plc.
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For more information, please contact:
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Investor Relations:
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investors.vodafone.com
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ir@vodafone.co.uk
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Media Relations:
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Vodafone.com/media/contact
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GroupMedia@vodafone.com
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Registered Office: Vodafone House, The Connection, Newbury,
Berkshire RG14 2FN, England. Registered in England No.
1833679
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About Vodafone
Vodafone is a leading European and African telecoms company. We
provide mobile and fixed services to over 330 million customers in
15 countries (excludes Italy and Spain which are held as
discontinued operations under Vodafone Group), partner with mobile
networks in 43 more and have one of the world's largest IoT
platforms. In Africa, our financial technology businesses serve
almost 79 million customers across seven countries - managing more
transactions than any other provider.
Our purpose is to connect for a better future by using technology
to improve lives, businesses and help progress inclusive
sustainable societies. We are committed to reducing our
environmental impact to reach net zero emissions by
2040.
For more information, please visit www.vodafone.com, follow us on X
(formerly Twitter) at @VodafoneGroup or connect with us on LinkedIn
at www.linkedin.com/company/vodafone.
About Zegona
Zegona was established in 2015 with the objective of investing in
businesses in the European Telecommunications, Media and Technology
sector and improving their performance to deliver attractive
shareholder returns. Zegona is led by former Virgin Media
executives Eamonn O'Hare and Robert Samuelson.
Important notice
Certain information contained in this document constitutes
"forward-looking statements", which can be identified by the use of
terms such as "may", "will", "should", "expect", "anticipate",
"project", "estimate", "intend", "continue", "target" or "believe"
(or the negatives thereof) or other variations thereon or
comparable terminology, or by discussions of strategy, plans,
objectives, goals, future events or intentions. Such statements
express the intentions, opinions, or current expectations of the
parties with respect to possible future events and are based on
current plans, estimates and forecasts, which the parties have made
to the best of their respective knowledge, concerning, among other
things, the respective business, results of operations, financial
position, prospects, growth and strategies, statements regarding
the transaction and the anticipated consequences and benefits of
the transaction, and the targeted closing date of the transaction.
Due to various risks and uncertainties, actual events or results or
the actual performance may differ materially from those reflected
or contemplated in such forward-looking statements.
Such risks and uncertainties include, but are not limited to,
regulatory approvals that may require acceptance of conditions with
potential adverse impacts; risks involving the parties' respective
ability to realise expected benefits associated with the
transaction; the impact of legal or other proceedings; and
continued growth in the market for telecommunications services and
general economic conditions in the relevant market(s).
Furthermore, a review of the reasons why actual results and
developments may differ materially from the expectations disclosed
or implied within forward-looking statements can be found under
"Forward-looking statements" and "Principal risk factors and
uncertainties" in the Vodafone Group Plc's annual report for the
year ended 31 March 2023.
No assurances can be given that the forward-looking statements in
this announcement will be realised. As a result, recipients should
not rely on such forward-looking statements. Subject to compliance
with applicable law and regulations, the parties undertake no
obligation to update these forward-looking statements. No
representation or warranty is made as to the reasonableness of such
forward-looking statements. No statement in this document is
intended to be nor may be construed as a profit forecast or
estimate for any period. Actual results could differ materially
from those expressed or implied.
This press release is for information purposes only and is not
intended to and does not constitute, or form part of, any
invitation or offer to sell, dispose, acquire, purchase or
subscribe for any securities of any companies mentioned herein in
any jurisdiction, whether pursuant to the transaction or otherwise.
This document shall not be distributed or used by any person or
entity in any jurisdiction where such distribution or
use.
For more information, please visit www.investors.vodafone.com
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorised.
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VODAFONE
GROUP
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PUBLIC
LIMITED COMPANY
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(Registrant)
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Date:
May 14, 2024
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By: /s/ M D B
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Name: Maaike de Bie
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Title: Group General Counsel and Company Secretary
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