Vodacom shareholders stand to get R19.00 per share following the sale of 15% of Vodacom to UK-based Vodafone.

In a statement yesterday afternoon, Telkom announced that it will receive R22,5-billion for its sale of 15% of the cellular operator, 50% of which will be distributed to shareholders as a special dividend.
The remaining share held by Telkom- 35% of the total issued shares in Vodacom – will be distributed pro-rata to Telkom shareholders in an unbundling exercise.
Following the sale, Vodacom will be converted to a public company and apply for listing on the main board of the JSE.