Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
May 31 2024 - 5:30AM
Edgar (US Regulatory)
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 31, 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 31
May 2024 entitled ‘Sale of Vodafone Spain
completes.’
31 May 2024
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Sale of Vodafone Spain completes
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Further to the announcement on 14 May 2024, Vodafone Group Plc
("Vodafone") announces it has completed the sale of Vodafone
Holdings Europe, S.L.U. ("Vodafone Spain") to Zegona Communications
plc ("Zegona")1 for
€4.1 billion in cash2 and
€0.9 billion in the form of redeemable preference
shares.
The enterprise value of €5.0 billion represents a multiple of
5.6x Adjusted EBITDAaL3 and
13.0x OpFCF4
for the
12-month period ended 30 September 2023.
As part of this transaction Vodafone and Zegona have also entered
into an agreement whereby Vodafone will provide certain services to
Vodafone Spain after completion of the transaction and Vodafone
will continue to have a presence in Spain through its Innovation
Hub in Málaga.
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.
2. Subject
to closing accounts adjustments
3. Adjusted
EBITDAaL as defined in Non-GAAP measures on page 236 of the
Vodafone Annual Report 2024
4. OpFCF
defined as Adjusted EBITDAaL less capital
expenditure
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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.
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 31, 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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