Business
ZEGONA ANNOUNCES 2019 RESULTS
ZEGONA ANNOUNCES 2019 RESULTS.
About this update from Zegona Communications Plc
[{"type":"text","content":"\n \n \n RNS Number : 8853M\n Zegona Communications PLC\n 14 May 2020\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 14 MAY 2020\n \n \n \n ZEGONA ANNOUNCES 2019 RESULTS\n \n \n London, England, 14 May, 2020 - Zegona Communications plc (LSE: ZEG) announces results and publishes its Annual Report for the year ended 31 December 20191.\n \n Highlights include:\n \n \n PROGRESS AT EUSKALTEL, DIVIDEND POLICY CONFIRMED\n \n \n · \n \n Positive operational developments at Euskaltel\n \n : including a new\n five year Business Plan designed to double the customer base, grow revenues to over €1.2bn and EBITDA to over €470m by expanding nationally using the Virgin brand.\n \n \n · \n \n Q1 growth and limited impact of Covid-19 at Euskaltel\n \n : growth in all financial metrics, national expansion program ready for launch, full year guidance reconfirmed and expects to pay €0.17 per share dividend in July. \n \n \n · \n \n Zegona confirms it will pass through 100% of the Euskaltel dividend:\n \n expects to declare an interim dividend of 2.6p per share in July which equates to an annualised yield of 5.2%\n 2\n . \n \n \n Enquiries\n \n \n Tavistock (Public Relations adviser)\n \n \n Tel: +44 (0)20 7920 3150\n \n \n Lulu Bridges - \n \n \n [email protected]\n \n \n \n \n \n Jos Simson - \n \n \n [email protected]\n \n \n \n \n \n \n \n \n \n \n About Zegona\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 About Euskaltel \n \n \n \n \n \n Euskaltel S.A. (\"Euskaltel\") is the leading converged telecommunications provi...