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
March 23, 2023
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
x Form 40-F
¨
Indicate by
check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(1):
¨
Indicate by
check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(7):
¨
This Report
on Form 6-K contains a Stock Exchange Announcement dated 23
March 2023 entitled ‘Completion of Co-Control Partnership for
Vantage Towers’.
23
March 2023
Completion of
Co-Control Partnership for Vantage Towers
Vodafone
Group Plc (“Vodafone”) announces the completion of its co-control
partnership for Vantage Towers AG (“Vantage Towers”) with a
consortium of long-term infrastructure investors led by Global
Infrastructure Partners and KKR (together the
“Consortium”).
Reflecting
the final take-up in the connected voluntary takeover offer, the
co-control partnership – Oak Holdings GmbH (“Oak Holdings”) – will
own 89.3% of Vantage Towers. Vodafone has received initial net cash
proceeds of €4.9 billion and now holds a 64% shareholding in Oak
Holdings. The Consortium continues to progress its fundraising
process, targeting to increase its ownership of Oak Holdings up to
a maximum of 50% by 30 June 2023, which would result in total
net proceeds to Vodafone of up to €6.6 billion.
Oak
Holdings and Vantage Towers have reached an agreement on a
domination and profit and loss transfer agreement which is in
particular subject to the approval of Vantage Towers shareholders
which shall be resolved upon in an extraordinary General Meeting on
5 May 2023.
In
addition, Oak Holdings notes that Vantage Towers has resolved to
redeem its outstanding bonds with a nominal value of €2.2 billion.
Oak Holdings confirms that it has sufficient debt facilities in
place to enable Vantage Towers to repay these bonds in
full.
As
announced by Oak Holdings on 20 March 2023, Oak Holdings and
Vantage Towers have entered into an agreement to de-list the shares
of Vantage Towers. Oak Holdings will make a delisting acquisition
offer to all Vantage Towers shareholders at €32 per
share.
- ends
-
For more
information, please contact:
Investor
Relations |
Media
Relations |
Investors.vodafone.com |
Vodafone.com/news/contact-us |
ir@vodafone.co.uk |
GroupMedia@vodafone.com |
Registered
Office: Vodafone House, The Connection, Newbury, Berkshire RG14
2FN, England. Registered in England No. 1833679
About
Vodafone
Unique in
its scale as the largest pan-European and African technology
communications company, Vodafone transforms the way we live and
work through its innovation, technology, connectivity, platforms,
products and services.
Vodafone
operates mobile and fixed networks in 20 countries, and partners
with mobile networks in 47 more. As of 31 December 2022,
we had over 330 million mobile customers, more than 28 million
fixed broadband customers, and 21 million TV customers.
Vodafone is a world leader in the Internet of Things (IoT),
connecting over 155 million devices and platforms.
We have
revolutionised fintech in Africa through M-Pesa, which celebrated
its 15th anniversary in 2022. It is the region’s largest
fintech platform, providing access to financial services for more
than 58 million people in a secure, affordable and convenient
way.
Our purpose
is to connect for a better future by using technology to improve
lives, digitalise critical sectors and enable inclusive and
sustainable digital societies.
We are
committed to reducing our environmental impact to reach net zero
emissions across our full value chain by 2040, while helping our
customers reduce their own carbon emissions by 350 million tonnes
by 2030. We are driving action to reduce device waste and
achieve our target to reuse, resell or recycle 100% of our network
waste.
We believe
in the power of connectivity and digital services to improve
society and economies, partnering with governments to digitalise
healthcare, education and agriculture and create cleaner, safer
cities. Our products and services support the digitalisation of
businesses, particularly small and medium enterprises
(SMEs).
Our
inclusion for all strategy seeks to ensure no-one is left behind
through access to connectivity, digital skills and creating
relevant products and services such as access to education,
healthcare and finance. We are also committed to developing a
diverse and inclusive workforce that reflects the customers and
societies we serve.
For
more information, please visit www.vodafone.com,
follow us on Twitter at @VodafoneGroup or connect with us on
LinkedIn at www.linkedin.com/company/vodafone.
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.
|
|
VODAFONE
GROUP |
|
|
PUBLIC
LIMITED COMPANY |
|
|
(Registrant) |
|
|
Dated:
March 23, 2023 |
By: |
/s/ M D B |
|
Name: |
Maaike de Bie |
|
Title: |
Group
General Counsel and Company Secretary |
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