Business
ABERFORTH ACQUIRES SIGNIFICANT SHAREHOLDING
ABERFORTH ACQUIRES SIGNIFICANT SHAREHOLDING.
About this update from Zegona Communications Plc
[{"type":"text","content":"\n \nRNS Number : 2177Z Zegona Communications PLC 09 January 2020 \n\nNOT FOR DISTRIBUTION, PUBLICATION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES OR CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA (OTHER THAN THE UNITED KINGDOM AND SPAIN) OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION, PUBLICATION OR RELEASE WOULD BE UNLAWFUL.\n \n \nZEGONA COMMUNICATIONS PLC (\"Zegona\")\n \nLEI: 213800ASI1VZL2ED4S65\n \n9 JANUARY 2020\n \nABERFORTH ACQUIRES SIGNIFICANT shareholding in zegona\n \nZegona announced on 2nd December that its Underlying Asset Value per Share1 was £1.41, which was 46% higher than its share price2, and on 7 January 2020 launched a Buyback3 programme of up to £10 million with a Buyback Policy4 that allows shares to be acquired at prices up to the Underlying Asset Value per Share.\n \nToday, Zegona is pleased to announce that Aberforth Partners LLP (\"Aberforth\") joins its other leading global investors with a shareholding of over 6%5.\n \nEamonn O'Hare, Chairman and CEO of Zegona, commented: \"We are delighted that Aberforth has become one of Zegona's top 10 shareholders. Since early December, when we highlighted the 46% difference between our share price and the Underlying Asset Value per Share, we have seen strong momentum in our shares, with Aberforth and other high quality investors making large new investments. We look forward to working on behalf of all our investors to increase the value of our core asset through bringing positive change and renewed ambition to the Euskaltel business.\"\n \nEnquiries\n \nTavistock (Public Relations adviser)\nTel: +44 (0)20 7920 3150\nLulu Bridges - [email protected] \nJos Simson - [email protected]\n \nIMPORTANT NOTICES\nThis announcement has been prepared in accordance with English law, the Listing Rules and the Disclosure Guidance and Transparency Rules and information disclosed may not be the same as that which would have been prepared in accordance with the laws of jurisdictions outside England.\nThe distribution of this announcement in jurisdictions outside the United Kingdom may be restricted by law and therefore persons into whose possession this announcement comes...