Business
Half-year Report
Half-year Report.
About this update from Zegona Communications Plc
[{"type":"text","content":"\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 CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA\n OR ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA (OTHER THAN SPAIN)\n OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION, PUBLICATION OR RELEASE WOULD BE UNLAWFUL.\n \n \n \n \n \n \n \n \n ZEGONA COMMUNICATIONS PLC (\"Zegona\")\n \n \n \n \n \n \n LEI: 213800ASI1VZL2ED4S65\n \n \n 8 SEPTEMBER 2022\n \n \n \n \n \n \n \n \n INTERIM REPORT FOR THE SIX MONTHS ENDED 30 JUNE 2022\n \n \n \n \n \n \n \n \n \n Zegona announces its interim results for the six months ended 30 June 2022.\n \n \n \n \n \n \n \n \n \n \n \n \n Enquiries\n \n \n \n \n \n \n \n \n \n Tavistock (Public Relations adviser)\n \n \n \n Tel: +44 (0)20 7920 3150\n \n \n Lulu Bridges -\n \n \n [email protected]\n \n \n \n \n Jos Simson - \n \n \n [email protected]\n \n \n \n \n \n \n \n \n About Zegona\n \n \n \n \n \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 \n \n \n \n \n ZEGONA COMMUNICATIONS PLC\n \n \n \n \n Unaudited Condensed Consolidated Interim\n \n \n \n \n Financial Statements\n \n \n \n \n For the six months ended 30 June 2022\n \n \n \n \n \n \n \n \n \n \n \n \n MANAGEMENT REPORT\n \n \n \n \n \n \n \n \n \n \n Identifying the right acquisition target within European TMT to deliver attractive returns to shareholders\n \n \n \n \n \n Following the successful disposal of our investment in Euskaltel and return of £335 million of capital to shareholders in 2021, we have spent the first six months of 2022 continuing to actively pursue our next investment opportunity. We are seeking a business within the European TMT industry where we can again successfully apply our Buy-Fix-Sell strategy. We have reviewed a number of interesting opportunities and have entered into discussions on those where we believe there is both a market opportunity and Zegona's skills and capabiliti...