Vodafone shares success with locals

The company says as a subsidiary of the Vodafone Group, eligible employees of Vodafone New Zealand will be granted options in the UK-based company under the scheme.

"Over 42,000 employees in 12 countries around the world will be invited to participate in this option scheme, which will involve the issue of approximately 238 million shares with a provisional grant value of over 375 million pounds," the company says in a statement.

Each eligible employee will receive an option to buy shares in Vodafone Group with a face value equal to 50% of their annual salary. The shares are traded on the London, Frankfurt and New York stock exchanges.

Vodafone New Zealand is the second biggest mobile phone provider in New Zealand after Telecom, with more than 889,000 customers on its digital network.

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