Vodafone completes cash offer for Wayfinder

28 January 2009, 9:02am

Vodafone Europe B.V. (“Vodafone”) today announced that the recommended public cash offer to the shareholders of Wayfinder Systems AB (publ) (“Wayfinder”), to tender all shares in Wayfinder to Vodafone (the “Offer”), has been accepted by shareholders holding 16,295,612 shares in Wayfinder representing approximately 81.75 per cent of the total number of shares and votes in Wayfinder. In addition, Vodafone has acquired 3,266,420 shares in Wayfinder in the market and in private transactions representing approximately 16.39 per cent of the total number of shares and votes in Wayfinder.

Following settlement of the Offer, Vodafone will hold 19,562,032 shares in Wayfinder, representing approximately 98.13 per cent of the total number of shares and votes in Wayfinder.

All conditions to the Offer have been fulfilled and Vodafone will, therefore, complete the acquisition of the shares tendered in the Offer. Settlement in respect of the Wayfinder shares duly tendered by 26 January 2009 is expected to occur on or around 30 January 2009.

Vodafone intends to initiate compulsory acquisition proceedings under the Swedish Companies Act, in order to acquire the remaining shares in Wayfinder, following completion of the Offer. Vodafone also intends to have Wayfinder’s shares de-listed from NGM Equity.

Vodafone may acquire further shares in Wayfinder in the open market or in private transactions.

For further information, please contact:

Investor Relations
Telephone: +44 (0) 1635 664447

Media Relations
Telephone: +44 (0) 1635 664444

Vodafone

Wayfinder

Geo: International