Vodafone 2015 Annual Report Download - page 190

London Stock
Exchange
Pounds per
ordinary share
NASDAQ
Dollars per ADS
Month High Low High Low
November 2014 2.34 2.04 36.55 32.73
December 2014 2.31 2.13 35.80 33.30
January 2015 2.40 2.15 36.03 32.62
February 2015 2.37 2.24 35.98 34.56
March 2015 2.28 2.16 34.62 32.30
April 2015 2.33 2.20 35.62 32.71
May 201512.36 2.29 37.04 34.75
Note:
1 Covering period up to 18 May 2015.
Ination and foreign currency translation
Ination
Ination has not had a signicant effect on the Group’s results
of operations and nancial condition during the three years ended
31 March 2015.
Foreign currency translation
The following table sets out the pound sterling exchange rates of the
other principal currencies of the Group, being: “euros”, “€” or “eurocents”,
the currency of the European Union (‘EU’) member states which have
adopted the euro as their currency, and “US dollars”, “US$”, “cents”
or “¢”, the currency of the US.
31 March
Currency (=£1) 2015 2014 % Change
Average:
Euro 1.28 1.19 7.6
US dollar 1.61 1.59 1.3
At 31 March:
Euro 1.38 1.21 14.0
US dollar 1.48 1.67 (11.4)
The following table sets out, for the periods and dates indicated,
the period end, average, high and low exchanges rates for pound
sterling expressed in US dollars per £1.00.
Year ended 31 March 31 March Average High Low
2011 1.61 1.56 1.64 1.43
2012 1.60 1.60 1.67 1.53
2013 1.52 1.58 1.63 1.49
2014 1.67 1.59 1.67 1.49
2015 1.48 1.61 1.71 1.46
The following table sets out, for the periods indicated, the high and low
exchange rates for pounds sterling expressed in US dollars per £1.00.
Year ended 31 March High Low
November 2014 1.60 1.56
December 2014 1.58 1.55
January 2015 1.56 1.49
February 2015 1.56 1.50
March 2015 1.54 1.46
April 2015 1.55 1.46
Markets
Ordinary shares of Vodafone Group Plc are traded on the London
StockExchange and in the form of ADSs on NASDAQ. We had
a total market capitalisation of approximately £62 billion at 18 May
2015 making us the seventh largest listing in The Financial Times Stock
Exchange 100 index and the 75th largest company in the world based
on market capitalisation at that date.
ADSs, each representing ten ordinary shares, are traded on NASDAQ
under the symbol “VOD”. The ADSs are evidenced by ADRs issued
by BNY Mellon, as depositary, under a deposit agreement, dated
as of 12October 1988, as amended and restated on 26 December
1989, 16September 1991, 30 June 1999, 31 July 2006 and 24 February
2015 between theCompany, the depositary and the holders from time
to time of ADRsissued thereunder.
ADS holders are not members of the Company but may instruct BNY
Mellon on the exercise of voting rights relative to the number of ordinary
shares represented by their ADSs. See “Articles of association and
applicable English law – Rights attaching to the Company’s shares –
Voting rights” on page 190.
Shareholders at 31 March 2015
Number of ordinary shares held
Number of
accounts
% of total
issued shares
1–1,000 434,809 0.30
1,001–5,000 51,466 0.40
5,001–50,000 15,638 0.64
50,001–100,000 515 0.12
100,001–500,000 691 0.57
More than 500,000 1,180 97.97
504,299 100.00
Major shareholders
BNY Mellon, as custodian of our ADR programme, held approximately
15.63% of our ordinary shares of 2020 ⁄21 US centseach at 18 May 2015
as nominee. The total number of ADRs outstanding at 18 May 2015 was
414,482,128. At this date 1,469 holders of record of ordinary shares had
registered addresses in the United States and in total held approximately
0.008% of the ordinary shares of the Company.
At 31 March 2015 the following percentage interests in the ordinary
share capital of the Company, disclosable under the Disclosure and
Transparency Rules, (DTR 5), have been notied to the Directors.
Shareholder Shareholding
Black Rock Investment Management Ltd. 6.08%
Legal & General Investment Management Ltd. 3.32%
No changes in the interests disclosed under DTR 5 have been notied
to the Company between 31 March 2015 and 18 May 2015.
Between 1 April 2012 and 18 May 2015, Capital Group Companies
Inc. has held more than 3% of, or 3% of voting rights attributable to,
the ordinary shares of the Company. During this period, and as notied,
this holding reduced to below the3% reporting threshold.
The rights attaching to the ordinary shares of the Company held
by these shareholders are identical in all respects to the rights attaching
to all the ordinary shares of the Company. The Directors are not aware,
at 18 May 2015, of any other interest of 3% or more in the ordinary share
capital of the Company. The Company is not directly or indirectly owned
or controlled by any foreign government or any other legal entity.
There are no arrangements known to the Company that could result
in a change of control of the Company.
Vodafone Group Plc
Annual Report 2015
188
Shareholder information (continued)
Unaudited information