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Vodafone Group Plc Update on Offer for Kabel Deutschland Holding AG


Monday, 9 Sep 2013 02:00am EDT 

Vodafone Group Plc announced that it has reminds all shareholders in Kabel Deutschland Holding AG (KDH) that the acceptance period of the voluntary public takeover offer (the Offer) for KDH by Vodafone Vierte Verwaltungs AG (formerly Vodafone Vierte Verwaltungsgesellschaft mbH), a subsidiary of Vodafone Group Plc (Vodafone), ends on,September 11, 2013, 24.00 hours (Frankfurt am Main local time). Accordingly, Vodafone urges all shareholders who have not tendered to date to do so as the Offer will lapse if the 75% minimum acceptance condition is not met by then. There will not be any additional acceptance period should the 75% acceptance condition not be met by, September 11, 2013. Vodafone confirms that all terms and conditions of the Offer remain unchanged and will not be amended, including inter alia the Offer price and the minimum acceptance condition for the Offer of 75%. KDH shareholders who have not yet accepted the Offer can tender their shares for the Offer price of EUR 84.50 per KDH share in cash. If the settlement of the Offer occurs prior to the day on which the general meeting of KDH shareholders resolves on the EUR 2.50 proposed dividend for the financial year ending 31 March 2013, the Offer consideration will automatically be increased by EUR 2.50 per KDH share to EUR 87.00 per KDH share. The European Commission is expected to complete its Phase I review of the Offer by, September 20, 2013. 

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