Business
Vodafone Spanish business potential acquisition
Vodafone Spanish business potential acquisition.
About this update from Zegona Communications Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. THIS ANNOUNCEMENT DOES NOT CONSTITUTE A TAKEOVER OFFER OR AN OFFER OF SECURITIES. NO OFFER OR SALE OF SECURITIES MAY OCCUR IN THE UNITED STATES UNLESS THE TRANSACTION HAS BEEN REGISTERED UNDER THE US SECURITIES ACT OF 1933 OR IS EXEMPT FROM REGISTRATION THEREUNDER.\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION for the purposes of Article 7 of the UK version of the Market Abuse Regulation (EU 596/2014) which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.\n \nZegona Communications plc (\"Zegona\" or the \"Company\")\nStatement re potential acquisition of Vodafone Group plc's Spanish business\nThe Company notes the press speculation regarding the potential acquisition of Vodafone Group plc's Spanish business (the \"Potential Acquisition\").\nThe Company confirms that it is in discussions with Vodafone Group plc (\"Vodafone\") in connection with the Potential Acquisition, and with banks in relation to its financing, but the Potential Acquisition remains subject to, amongst other things, agreement on final terms with Vodafone, completion of its due diligence exercise and formalisation of the funding arrangements. Therefore, there is no certainty that the Potential Acquisition will proceed, nor as to the final terms of any such Potential Acquisition.\nSuspension of Listing\nShould the Potential Acquisition complete, it would constitute a reverse takeover under the Listing Rules and accordingly the Company would need to apply for the re-admission of its shares to the Official List and the Main Market of the London Stock Exchange on the basis that the FCA approves the eligibility of the group, as enlarged by the Potential Acquisition as a result of the reverse takeover, in accordance with Listing Rule 5.6.21.\nTherefore, at the request of the Company, the FCA has suspended the Company's listing on the standard segment of the Official List as of 8.00 a.m. today. Trading on the Main Market of the London Stock Exchange has also been suspended as of 8.00 a.m. today. \nA further announcement will be made as and when appropriate.\n \nEnquiries:\nZegona Communications plc...