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NEW YORK, Feb. 20, 2014 (GLOBE NEWSWIRE) -- Vodafone Group Plc (Nasdaq:VOD) announced a pro rata distribution to shareholders of record on February 20, 2014, of Verizon Communications Inc. (VZ) common stock and cash, which will occur after close of business on February 21, 2014, followed immediately by a reverse stock split of VOD.
The ratio of VZ share distributions has since been announced as 0.263001 share of VZ common stock for each ADR of VOD held on the Record Date. In addition, the ratio of the VOD share consolidation (reverse split) has been announced as six for eleven (6:11). The final amount of the cash portion of the return of value will be announced on Friday, February 21, 2014.
NASDAQ OMX has determined that the entire transaction will be effective in the index prior to market open on
Monday, February 24, 2014. Accordingly, VOD will be adjusted to reflect the market value post VZ share distribution, cash and post reverse split prior to market open on Monday, February 24, 2014.
All distribution ratios of common stock, cash (when available) and reverse stock split, will be published under separate Global Index Watch notification, once they have been officially announced by the Exchange.
This press release supersedes the February 17, 2014 announcement.Cautionary Note Regarding Forward-Looking Statements
Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. NASDAQ OMX cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to, statements about our capital return initiatives. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX's control. These factors include, but are not limited to, NASDAQ OMX's ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors detailed in NASDAQ OMX's filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on NASDAQ OMX's website at
http://www.nasdaqomx.com and the SEC's website at
www.sec.gov . NASDAQ OMX undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
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