On Monday 24th Feb, the new Vodafone PLC came into effect.

On Friday 21st Feb 2014, Vodafone owned 45% of Verizon Wireless. On Monday 24th Feb it no longer owned that 45%, as it sold its stake to Verzion, getting a huge cash windfall (of $85 Billion) from the proceeds of the sale from Verizon, and is in the process of returning that cash and to its shareholders.

A few weeks ago Vodafone was worth in excess of £100 Billion.

The share consolidation of the new Vodafone PLC is such that shareholder get 6 new ordinary shares for every 11 existing ordinary shares held. So if you owned 110 shares in Vodafone on last week, today you will own 60 in the new Vodafone PLC.

The new Vodafone will have 26,438,136,936 new ordinary shares in issue (excluding 2,373,727,362 ordinary shares held in Treasury).

With the share price of Vodafone trading at about £2.50 per share and 26,438,136,936 new ordinary shares in issue, the new market capitalisation of Vodafone is:

26,438,136,936 x £2.50 = £66,095,342,340 = £66 Billion. That is the new market value of Vodafone PLC.

[http://www.shareshop.hsbc.co.uk/shareshop/security.cgi?csi=10097]