Vodafone announces initial conversion price of mandatory convertibles

Chicago, March 8 – Vodafone Group plc announced the initial conversion price of its recently placed £3.44 billion of mandatory convertible bonds that priced in two tranches on March 5, according to a news release.

The initial conversion price has been determined as £1.3505, representing an initial conversion ratio of 74,046.64939 shares per £100,000 principal amount of the bonds.

Settlement of the Regulation S convertibles will be March 12.

Vodafone is a London-based telecommunications company.

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