+------------------------------------------------------------------------------+
Vodafone Plans to Distribute 102p/shr From Verizon Deal 2014-02-19 07:12:32.429 GMT
By Sam Chambers Feb. 19 (Bloomberg) -- Assuming court approval for scheme of arrangement is obtained on Feb 21, Vodafone will distribute 102p/shr to shareholders from its Verizon Wireless stake sale. * Return of value would comprise 72p/shr in VZ common shrs, 30p/shr in cash * ~1.27b VZ shrs will be distributed to VOD shareholders at price of $47.19/shr * Vodafone says eligible shareholders expected to receive 0.026 Verizon shrs per VOD share * Vodafone ordinary shrs will be consolidated at ratio of 6 new ord. shrs for every existing 11 shrs. Statement
For Related News and Information: First Word scrolling panel: FIRST<GO> First Word newswire: NH BFW<GO>
To contact the reporter on this story: Sam Chambers in London at +44-20-7673-2021 or schambers7@bloomberg.net
To contact the editor responsible for this story: James Ludden at +44-20-7673-2645 or jludden@bloomberg.net