Last checked at 10 Aug 2020 07:00
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ZEGONA COMMUNICATIONS PLC ("Zegona")
LEI: 213800ASI1VZL2ED4S65
10 August 2020
ZEGONA SHARE BUYBACK PROGRAMME - PROGRESS UPDATE
On 24 June 2020 Zegona announced a Buyback1 programme of its Ordinary Shares2 for an aggregate purchase price of up to £10 million. Zegona's Board has set a Buyback Policy3 that allows shares to be acquired at prices up to the Underlying Asset Value Per Share4.
As part of this programme, Barclays Bank plc, on behalf of Zegona, has purchased the following number of Ordinary Shares:
Date of purchase: | 07 August 2020 |
Number of shares purchased: | 21,000 |
Volume weighted average price paid per share: | £1.130000 |
Lowest price paid per share: | £1.130000 |
Highest price paid per share: | £1.130000 |
Zegona intends to cancel these shares.
Detailed information about the individual purchases is available below.
As at 7 August, Zegona had purchased an aggregate of 2,937,101 shares for a total of £3,035,107 and cancelled 2,896,101 meaning the total number of voting rights in Zegona is 219,039,076, each carrying one vote per share.
ENQUIRIES
Tavistock (Public Relations adviser)
Tel: +44 (0)20 7920 3150
Lulu Bridges - lulu.bridges@tavistock.co.uk
Jos Simson - jos.simson@tavistock.co.uk
Trade details:
Purchase date | Purchase time | Volume | Price | Platform | Transaction reference number |
07 August 2020 | 10:42 | 21,000 | £1.130000 | XLON | qu53gcn41ekl |
1. The "Buyback" is Zegona's on-market share buyback programme for an aggregate purchase price of up to £10 million, announced on 24 June 2020
2. Ordinary shares of £0.01 each in the capital of Zegona ("Ordinary Shares")
3. Zegona's "Buyback Policy" is that shares may be acquired at prices up to the Underlying Asset Value per Share on the day of purchase, subject also to normal market practice as regards buyback pricing, as set out in the Important Notices section of Zegona's buyback programme announcement dated 24 June 2020
4. The "Underlying Asset Value per Share" is defined for any day as the value in pounds sterling on the previous trading day of Zegona's investment in Euskaltel (using the €/£ FX rate on that day) and net cash balance divided by the number of Zegona Ordinary Shares in issue
5. These figures should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interests, or a change to their interest, in Zegona under the FCA's Disclosure Guidance and Transparency Rules.