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14 May 2024
Zegona Communications Plc ("Zegona")
Conditions to Acquisition Satisfied
Further to the announcement on 31 October 2023 in relation to Zegona's acquisition of 100% of Vodafone Holdings Europe, S.L.U. ("Vodafone Spain") for €5.0 billion (the "Acquisition"), Zegona is pleased to announce that it has received the approval of the Council of Ministers (Consejo de Ministros) of the Spanish Government in respect of foreign direct investment into Spain. Accordingly, all of the conditions to the Acquisition have been satisfied. Completion of the Acquisition ("Completion") is therefore scheduled to take place on 31 May 2024, being the last day of the month in which the conditions were satisfied.
The Acquisition is classified as a reverse takeover under the Listing Rules of the FCA and therefore, Zegona has applied for the 704,149,410 Zegona Shares to be re-admitted to the standard listing segment of the FCA's Official List and to trading on the LSE's Main Market ("Re-admission"). Subject to the approval from each the FCA and LSE, Re-admission is expected to become effective, and dealings in the Zegona Shares are expected to commence, at 8.00 a.m. on 3 June 2024 (the trading day following Completion).
Enquiries:
Tavistock (UK Public Relations adviser)
Lulu Bridges lulu.bridges@tavistock.co.uk Tel: 07831 170 364
Jos Simson jos.simson@tavistock.co.uk | LLYC (Spain Public Relations adviser)
Guillermo Segura gsegura@llorenteycuenca.com
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