Business
Final Results
Final Results.
About this update from Zegona Communications Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0571H\n Zegona Communications PLC\n 04 April 2022\n \n \n \n \n NOT FOR DISTRIBUTION, PUBLICATION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES OR TO ANY US PERSON, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA\n OR ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA (OTHER THAN SPAIN)OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION, PUBLICATION OR RELEASE WOULD BE UNLAWFUL.\n \n \n \n \n \n \n ZEGONA COMMUNICATIONS PLC (\"Zegona\")\n \n \n \n \n \n LEI: 213800ASI1VZL2ED4S65\n \n \n \n 4 april 2022\n \n \n ZEGONA ANNOUNCES 2021 RESULTS\n \n London, England, Zegona Communications PLC (LSE: ZEG) announces results and publishes its Annual Report for the year ended 31 December 2021.[1]\n \n \n \n \n Enquiries\n \n \n \n \n \n Tavistock (Public Relations adviser - UK)\n \n \n Tel: +44 (0)20 7920 3150\n \n Lulu Bridges - [email protected]\n \n Jos Simson - \n \n [email protected]\n \n \n \n \n \n About Zegona\n \n Zegona was established in 2015 with the objective of investing in businesses in the European Telecommunications, Media and Technology sector and improving their performance to deliver attractive shareholder returns. Zegona is led by former Virgin Media executives Eamonn O'Hare and Robert Samuelson.\n \n \n \n \n \n ZEGONA COMMUNICATIONS PLC\n \n \n Annual Report\n \n \n For the Year Ended 31 December 2021\n \n \n \n \n \n \n \n STRATEGIC REPORT \n \n \n | CHAIRMAN'S STATEMENT\n \n \n \n \n \n \n \n I am pleased to present Zegona's annual report for 2021. This was a very important year for the Company. We crystalised significant shareholder value by completing the sale of Euskaltel and delivered on our commitment to return capital to shareholders promptly and efficiently. \n \n \n \n \n \n The completion of Zegona's journey in Spain validates its Buy-Fix-Sell strategy \n \n \n On 28 March 2021, MásMóvil, the fourth largest telecommunications operator in Spain launched a tender offer to acquire 100% of Euskaltel for €11.17 per share in cash. This valued Euskaltel's equity at €2.0 billion, which equated to an Enterprise Value of €3.5 billion (over 10x EBITDA and 21x Operating Cash Flow), a significant premium \n \n \n ...