04/12/2025
𝗦𝗮𝗳𝗮𝗿𝗶𝗰𝗼𝗺 𝗣𝗟𝗖 𝗣𝘂𝗯𝗹𝗶𝗰 𝗔𝗻𝗻𝗼𝘂𝗻𝗰𝗲𝗺𝗲𝗻𝘁: 𝗨𝗽𝗱𝗮𝘁𝗲 𝗼𝗻 𝗣𝗿𝗼𝗽𝗼𝘀𝗲𝗱 𝗦𝗵𝗮𝗿𝗲 𝗔𝗰𝗾𝘂𝗶𝘀𝗶𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗥𝗲𝗼𝗿𝗴𝗮𝗻𝗶𝘀𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗩𝗼𝗱𝗮𝗳𝗼𝗻𝗲 𝗞𝗲𝗻𝘆𝗮 𝗟𝗶𝗺𝗶𝘁𝗲𝗱.
Safaricom PLC has been formally served with a notice of intention regarding a significant Proposed Transaction. We are announcing the intention of Vodafone Kenya Limited ("Vodafone Kenya") to acquire an additional 15% of the issued shares in Safaricom from the Government of Kenya (GOK) , representing 6,009,814,200 ordinary shares. The acquisition price is KES 34.00 per share , valuing the transaction at KES 204.3 billion (approx. USD 1.6 billion). Following this, Vodafone Kenya will hold a 55% shareholding in Safaricom.
This GOK Share Acquisition is inter-conditional with an internal reorganisation where Vodacom Group Limited (Vodacom) will acquire Vodafone International Holdings B.V.'s 12.5% stake in Vodafone Kenya , resulting in Vodacom owning 100% of Vodafone Kenya. Vodafone Kenya will also be making an upfront payment to the GOK in lieu of future dividends on the GOK's residual 20% shareholding.
Completion of the Proposed Transaction is subject to obtaining requisite approvals from various governmental and regulatory authorities in Kenya, including the Kenyan Cabinet and the Capital Markets Authority - Kenya.
