NEW YORK, Feb. 17, 2014 (GLOBE NEWSWIRE) -- Vodafone Group Plc (Nasdaq:VOD) has announced a pro rata distribution to shareholders of record on February 20, 2014, of Verizon Communications Inc. (VZ) common stock and cash, which will occur after close of business on February 21, 2014, followed immediately by a reverse stock split of VOD.
To facilitate a seamless distribution and ensure Index continuity, effective prior to market open on Monday, February 24, 2014, the post transaction resulting weight of VOD in the Index will be temporarily increased to include the value of the VZ distributions. The VOD weight in the Index will subsequently be adjusted downward for the value of the distributions, effective prior to market open on Tuesday, February 25, 2014.
All distribution ratios of common stock, cash and reverse stock split, will be published under separate Global Index Watch notification, once they have been officially announced by the exchange.
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Source:The NASDAQ OMX Group, Inc.