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6-K: Update on the merger of Vodafone UK and Three UK

6-K: Update on the merger of Vodafone UK and Three UK

6-K:沃达丰英国公司与Three UK合并的最新进展
美股SEC公告 ·  2024/10/01 02:18

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Vodafone confirms that its planned merger with Three UK, announced on June 14, 2023, will no longer require shareholder approval under the new UK Listing Rules effective July 29, 2024. Upon completion, Vodafone will own 51% of the combined business (MergeCo), while CK Hutchison's subsidiary CKHGT will hold 49%. The transaction will be consolidated in Vodafone's financial statements.The merger is expected to have a neutral impact on Vodafone's Net debt to Adjusted EBITDAaL ratio and become accretive to Adjusted free cash flow from the fourth full year. The Board confirms the transaction serves the best interests of security holders, though noting potential risks including regulatory approval requirements and customary warranty obligations.As of June 30, 2024, Three UK reported gross assets of £8.6 billion and recorded a loss before tax of £439 million for the year ended December 31, 2023. Vodafone will provide initial debt financing for the merger, with further financial and non-financial information to be announced closer to completion.
Vodafone confirms that its planned merger with Three UK, announced on June 14, 2023, will no longer require shareholder approval under the new UK Listing Rules effective July 29, 2024. Upon completion, Vodafone will own 51% of the combined business (MergeCo), while CK Hutchison's subsidiary CKHGT will hold 49%. The transaction will be consolidated in Vodafone's financial statements.The merger is expected to have a neutral impact on Vodafone's Net debt to Adjusted EBITDAaL ratio and become accretive to Adjusted free cash flow from the fourth full year. The Board confirms the transaction serves the best interests of security holders, though noting potential risks including regulatory approval requirements and customary warranty obligations.As of June 30, 2024, Three UK reported gross assets of £8.6 billion and recorded a loss before tax of £439 million for the year ended December 31, 2023. Vodafone will provide initial debt financing for the merger, with further financial and non-financial information to be announced closer to completion.
沃达丰确认,计划于2023年6月14日宣布的与Three Uk的合并将不再需要股东批准,新的英国上市规则将于2024年7月29日生效。合并完成后,沃达丰将拥有合并后业务(MergeCo)51%的股份,而CK Hutchison的子公司CKHGt将持有49%。该交易将合并入沃达丰的基本报表。预计此次合并对沃达丰的净债务与调整后的EBITDAaL比率的影响将是中立的,并将在第四个完整年度开始对调整后的自由现金流产生积极影响。董事会确认,该交易符合安防-半导体持有人的最佳利益,但指出可能存在包括监管批准要求和惯常保修义务在内的潜在风险。截至2024年6月30日,Three Uk报告的总资产为86亿英镑,截止到2023年12月31日的年度,税前亏损为43900万英镑。沃达丰将为合并提供初始债务融资,进一步的财务和非财务信息将在接近完成时公布。
沃达丰确认,计划于2023年6月14日宣布的与Three Uk的合并将不再需要股东批准,新的英国上市规则将于2024年7月29日生效。合并完成后,沃达丰将拥有合并后业务(MergeCo)51%的股份,而CK Hutchison的子公司CKHGt将持有49%。该交易将合并入沃达丰的基本报表。预计此次合并对沃达丰的净债务与调整后的EBITDAaL比率的影响将是中立的,并将在第四个完整年度开始对调整后的自由现金流产生积极影响。董事会确认,该交易符合安防-半导体持有人的最佳利益,但指出可能存在包括监管批准要求和惯常保修义务在内的潜在风险。截至2024年6月30日,Three Uk报告的总资产为86亿英镑,截止到2023年12月31日的年度,税前亏损为43900万英镑。沃达丰将为合并提供初始债务融资,进一步的财务和非财务信息将在接近完成时公布。
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