Business
ZEGONA ANNOUNCES RESULTS OF TENDER OFFER
ZEGONA ANNOUNCES RESULTS OF TENDER OFFER.
About this update from Zegona Communications Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 4038O\n Zegona Communications PLC\n 07 October 2021\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 \n \n ZEGONA COMMUNICATIONS PLC\n \n \n \n \n \n LEI: 213800ASI1VZL2ED4S65\n \n \n 7 October 2021\n \n \n \n \n ZEGONA ANNOUNCES RESULTS OF TENDER OFFER\n \n Zegona Communications PLC (\"Zegona\", the \"Company\") announces the results of its return of up to £329.3 million to shareholders by way of a tender offer (the \"Tender Offer\") at a price of £1.535 per share\n \n A total of 218,210,492 Zegona ordinary shares (\"Shares\") have been tendered under the Tender Offer, with 214,160,805 million being tendered in respect of shareholders' Basic Tender Offer Entitlement[1] and 4,049,687 million additional Shares being tendered.\n \n There were 371,297 unused Basic Tender Offer Entitlement Shares which were allocated on a pro rata basis to shareholders who tendered additional Shares. Those shareholders will have their tender satisfied in respect of their Basic Tender Offer Entitlement plus approximately 9.17% of the additional Shares they tendered[2]. In aggregate, Zegona will repurchase 214,532,103 Shares, which equates to a total capital return to shareholders of £329.3 million[3].\n \n Eamonn O'Hare, Zegona's Chairman and CEO commented: \"Today we are delighted to return £329.3 million of cash to our investors that is the final step of our successful strategy in Spain, which has seen our shareholders receiving a return of more than 92% on their Net Invested Capital. We are already actively working on other potential investment opportunities within the European TMT industry which we believe remains fertile ground to once again create significant shareholder value.\"\n \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 Jos Simson / Lulu Bridges - [email protected]/ [email protected]\n \n ...