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Verizon CommunicationsAnnouncement

15/12/2014 14:10

VZ Small Shareowners Voluntary Sale and Purchase Program            

                                                                               

NEW YORK, Dec. 15, 2014 -- Verizon Communications (NYSE, Nasdaq: VZ) today
announced a program to provide its small shareowners with a convenient and
inexpensive way either to round their Verizon holdings up to 100 shares or to
sell all their shares.

Similar odd-lot programs are commonly offered periodically by public companies
to reduce administrative costs and offer a service to investors. Verizon's 2014
program will be independently administered by Georgeson, a Computershare
company. Computershare Trust Company, N.A., which is Verizon's transfer agent,
will serve as paying agent for the program.

Verizon will not buy or sell any of the shares or otherwise participate in the
program.

The program is voluntary. It is intended to help owners of fewer than 100
Verizon shares who may have been deterred from selling their Verizon shares or
buying additional shares because of the inconvenience.

Shareowners participating in the program will be assessed a processing fee of
$1.50 per share purchased or sold, with a maximum fee of $50 per account.
Shareowners who have lost or misplaced stock certificates will also be
permitted to participate in the program for an additional fee to cover the
required indemnity bond.

Eligible registered shareowners will be informed of the program by mail
starting today (Dec. 15) and will have through Jan. 16, 2015, to participate.
Shares held in the company's employee benefit plans are excluded from this
program.

Verizon shareowners can call Georgeson at 1-855-553-1153 for additional
information.

Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York, is a
global leader in delivering broadband and other wireless and wireline
communications services to consumer, business, government and wholesale
customers. Verizon Wireless operates America's most reliable wireless network,
with more than 106 million retail connections nationwide. Verizon also provides
converged communications, information and entertainment services over America's
most advanced fiber-optic network, and delivers integrated business solutions
to customers in more than 150 countries. A Dow 30 company with more than $120
billion in 2013 revenues, Verizon employs a diverse workforce of 178,500. For
more information, visit www.verizon.com/news/ .

VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and
biographies, media contacts and other information are available at Verizon's
online News Center at www.verizon.com/news/. The news releases are available
through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/ .

 

CONTACT: Bob Varettoni , 908-559-6388, robert.a.varettoni@verizon.com

 



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