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BRIEF-Vodafone to place about 90 million ordinary shares in Vodacom
September 5, 2017 / 3:42 PM / 2 months ago

BRIEF-Vodafone to place about 90 million ordinary shares in Vodacom

Sept 5 (Reuters) - Block Trade - Vodafone Group Plc:

* PROPOSED PLACING OF APPROXIMATELY 90 MILLION ORDINARY SHARES IN VODACOM

* PLACING SHARES REPRESENT 5.2% OF VODACOM‘S ORDINARY SHARE CAPITAL

* EXPECTED THAT VODACOM‘S FREE FLOAT WOULD DECLINE TO APPROXIMATELY 18%

* NUMBER OF PLACING SHARES, PRICE, TO BE AGREED BY JOINT BOOKRUNNERS AND VODAFONE AT CLOSE OF ABB PROCESS, WHICH IS TO START IMMEDIATELY Source text for Eikon: Further company coverage: (Bengaluru Newsroom)

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