ZEG19 Oct 2018 08:47
A positive move, need to check out the numbers but I'm too tired
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Zegona Comm PLC (ZEG)
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Friday 19 October, 2018
Zegona Comm PLC
Zegona to Increase Investment in Euskaltel
RNS Number : 5420E
Zegona Communications PLC
19 October 2018
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 OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION, PUBLICATION OR RELEASE WOULD BE UNLAWFUL.
This document is an advertisement and does not constitute a prospectus in connection with an offering of securities of the Company. Investors must neither accept any offer for, nor acquire, any securities to which this document refers, unless they do so on the basis of the information contained in the applicable prospectus to be published by the Company. The subscription or purchase of ordinary shares of the Company is subject to specific legal or regulatory restrictions in certain jurisdictions. Persons distributing this communication must satisfy themselves that it is lawful to do so. The Company assumes no responsibility in the event there is a violation by any person of such restrictions.
ZEGONA COMMUNICATIONS PLC
LEI: 213800ASI1VZL2ED4S65
ZEGONA TO INCREASE INVESTMENT IN EUSKALTEL
London, England, 19 October 2018 - Zegona Communications PLC ("Zegona" or the "Company") announces a proposed partial tender offer for up to 14.9% of Euskaltel, S.A. ("Euskaltel") at a price of €7.75 per share
Zegona today announces that it intends to make a partial tender offer in cash to acquire up to 14.9% of the outstanding shares of Euskaltel at a price of €7.75 per share (the "Tender Offer"). The offer price represents a premium of 18% over the closing price on 18 October 2018. Zegona currently owns 15.0% of Euskaltel and would increase its ownership to 29.9% if the Tender Offer were accepted in full.