Advertisement
UK markets closed

  • NIKKEI 225

    38,073.98
    -128.39 (-0.34%)
     

  • HANG SENG

    18,537.81
    +223.95 (+1.22%)
     

  • CRUDE OIL

    79.51
    +0.52 (+0.66%)
     

  • GOLD FUTURES

    2,344.60
    +22.30 (+0.96%)
     

  • DOW

    39,388.41
    +332.02 (+0.85%)
     

  • Bitcoin GBP

    49,748.40
    +118.34 (+0.24%)
     

  • CMC Crypto 200

    1,341.01
    +40.91 (+3.15%)
     

  • NASDAQ Composite

    16,349.25
    +46.50 (+0.29%)
     

  • UK FTSE All Share

    4,558.37
    +14.13 (+0.31%)
     
Money:

Best UK mortgage deals of the week

As Bank of England holds interest rates, here's what high street banks are offering home buyers

Vodafone details share proceeds from Verizon deal

Reuters - UK Focus

LONDON, Feb 19 (Reuters) - Vodafone said on Wednesday shareholders would receive 0.026 shares in Verizon Communications for each Vodafone share they own as part of their payout for the $130 billion sale of the group's stake in Verizon Wireless.

The British company also said its shares would be consolidated on Feb. 24 at the ratio of 6 new shares for 11 existing shares following the closure of the deal on Friday.

As an illustrative example, based on share prices and exchange rates at the close of business on Feb. 18, a Vodafone investor would receive proceeds of 72 pence in Verizon (NYSE: VZ - news) shares and 30 pence in cash for each share owned, the group said.