Business
FIDELITY TAKES 8% SHAREHOLDING IN ZEGONA
FIDELITY TAKES 8% SHAREHOLDING IN ZEGONA.
About this update from Zegona Communications Plc
[{"type":"text","content":"\n \nRNS Number : 0618X Zegona Communications PLC 17 December 2019 \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 \n17 December 2019\n \nFIDELITY takes 8% shareholding in zegona\n \nFollowing Zegona's announcement on 2nd December that its stake in Euskaltel S.A. and net cash balance had a value of £1.41 per share, which was 46% higher than its share price on that date1, Zegona is pleased to announce that Fidelity Management & Research (\"FMR\") joins its other leading global investors with a shareholding of almost 8%.\n \nEamonn O'Hare, Chairman and CEO of Zegona, commented: \"I am delighted that FMR has chosen to invest in Zegona at this time. We see strong potential for Zegona both through the inherent value of our core asset and through the positive change and renewed ambition which José Miguel García and his team are bringing to the Euskaltel business. We look forward to working on behalf of FMR and our other leading global investors to deliver long term shareholder value.\"\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 should inform themselves about, and observe such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities law of any such jurisdiction.\n \n \n \n \n \nAbout Ze...