Vodafone KK to delist shares

16 May 2005

Vodafone’s Japanese unit, Vodafone KK, has announced plans to delist its shares from the Tokyo and Osaka exchanges, following the submission of a report to the Kanto Regional Bureau showing that Vodafone UK has a 97.6% in the subsidiary, exceeding the maximum combined stake that a top ten shareholder is allowed to hold in a company. The date for the delisting has not been set. Vodafone has not been performing well of late, having lost 39,500 customers in April alone, its fourth straight monthly loss.

Japan, SoftBank Corp